Deutsche Boerse-NYSE deal was in the works for a long time

04/8/2011 | Bloomberg · Reuters · Wall Street Journal, The

In the final quarter of 2008, representatives from Deutsche Boerse and NYSE Euronext held unsuccessful merger talks. The exchanges revived negotiations in August 2010, then signed a confidentiality agreement the next month, according to a regulatory filing. In February, the exchanges agreed to a $9.53 billion merger. The filing shows how the exchanges plan to reduce expenses and bolster earnings by expanding their reach in stocks, options and derivatives.

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Bloomberg · Reuters · Wall Street Journal, The

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