Deutsche Börse and NYSE Announce Mega-Merger
Deutsche Börse and the New York Stock Exchange (NYSE) have agreed a $10 billion all-stock merger, creating the world's largest bourse. According to terms of the deal, Deutsche Boerse shareholders will retain 60% ownership of the combined entity, with NYSE Euronext shareholders holding the remaining 40%.
The combined market value of the two entities is in the region of $25 billion; the new exchange, according to market sources, is expected to generate annual cost savings of around US $400 million
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