Wednesday, February 9, 2011
NYSE Euronext and Deutsche Borse (operator of the Frankfurt Stock Exchange) are in talks for a merger. The combined company would have headquarters in both cities, their chairmen would share power, and there would be equal seats on the executive committee, but Deutsche Borse shareholders would own 60% of the combined company. These two exchanges have previously held merger talks.
In another example of the interconnectedness of markets, the London Stock Exchange and TMX Group (parent of the Toronto Stock Exchange) announced a merger.