NYSE eyes merger by end of year

first_img NYSE eyes merger by end of year by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoam whatsapp KCS-content A DEAL between Deutsche Boerse and the New York Stock Exchange (NYSE) could be tied up by the end of this year, details due today are expected to reveal.An announcement on the progress of the deal could come as soon as this afternoon after the two companies’ boards meet to vote on the matter.Any delay to the deal’s approval could open the door to rival bidders for NYSE Euronext – one report last night cited CME Group as a potential buyer. Chicago-based CME declined to comment. CME officials have been guiding investors away from expectations that the company would do a merger deal.NYSE’s general counsel, chief operating officer and global head of technology last night looked set to keep their positions following the planned merger.However, the deal could face stern opposition from protectionist elements. Yesterday, a labour representative from Deutsche Boerse’s supervisory board raised concerns over the influence the NYSE could have on the German exchange. Johannes Witt said: “It will be a matter of time before the Americans take control. We should be wary of this. It won’t be possible to undo the deal once it is signed.”The German government has indicated it will play a limited role in the merger, indicating it could be successful.But other people familiar with the situation said some issues — such as the name, job cuts in technology, and where other promised cost savings would come — still need to be worked out in detail.Negotiations over a name, and where to locate various operations across the two continents, highlight some of the difficulties in bringing together companies that are both operationally complicated and symbols of national pride. Show Comments ▼ center_img Share whatsapp Monday 14 February 2011 9:39 pm Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap4 ideal Zion Williamson trade scenarios from the New Orleans PelicansSportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’In the Heights’ Underwhelms at Box Office With $11.4 Million DebutThe WrapJason Whitlock, Former ESPN and Fox Sports Reporter, Resurfaces at BlazeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap Tags: NULLlast_img read more