Euronext Looks to Move into Corporate News

EXCHANGE WATCH

Pan-European exchange Euronext plans to acquire CompanynewsGroup, a European distributor of corporate news, officials confirmed last week.

The deal has yet to be finalized, but a spokesperson at Euronext says that it will be completed in the coming month. Financial terms of the deal have not been disclosed.

Paris-based CompanynewsGroup distributes and translates financial releases, financial documents and investor relations material, which includes annual reports and letters to shareholders.

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