Deutsche Boerse, NYSE Euronext merge

Flash

The Deutsche Boerse and NYSE Euronext have reached a colossal merger agreement. If completed, the 10 billion US dollar deal will result in the creation of the world's biggest exchange.

While Deutsche Boerse looks forward to taking over NYSE Euronext, in a blockbuster transaction which would create the world's largest exchange operation, the two companies are dodging key questions that could threaten the merger's completion.

Instead, at joint news conferences connecting Frankfurt and New York City through simultaneous video links, officials spoke excitedly about their newly announced entity.

Manfred Gentz, Deutsche Boerse Supervisory Chairman, said, "We are here today to announce the creation of the leading global exchange group. We'll consolidate two of the most important and respected players in the world, Deutsche Boerse and New York Stock Exchange Euronext."

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