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Monday, December 8, 2008

Deutsche Börse Looked at Merger with NYSE, der Spiegel Says, but deal fell through.

Deutsche Börse Looks at Merger with NYSE

(Dec 8) The talks had long been kept secret. But the Deutsche Börse AG apparently planned to merge with the New York Stock Exchange. Now that the news is out, Deutsche Börse says the deal fell through. The plans, though, were highly developed.
Deutsche Börse AG, the paper indicated, has been considering a merger with New York Stock Exchange Euronext. The two companies want to join forces to create the world's leading operator of financial markets.

Deutsche Boerse in NYSE Euronext Talks, Spiegel Says
Dec. 6 (Bloomberg) -- Deutsche Boerse AG, Europe’s largest exchange by market value, is holding merger talks with NYSE Euronext, the world’s largest owner of stock markets, Der Spiegel magazine reported, without citing anyone for the information.
Deutsche Boerse Chief Executive Officer Reto Francioni presented a 13-page merger plan to the Frankfurt-based exchange’s board in late November, the German weekly reported in a pre- release from its next edition. The enlarged company would be led by Francioni and would have an eight-person board and an 18- member directorate, Spiegel said.

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