Joined Nov 11, 2007
31,929 Blog Posts

NYSE Being Bought For $8.2B By Atlanta-based IntercontinentalExchange

“The New York Stock Exchange will be acquired by IntercontinentalExchange of Atlanta in a deal valued at about $8.2 billion, the two rivals confirmed Thursday morning.

In matching press releases, they say the sale “combines two leading exchange groups to create a premier global exchange operator diversified across markets including agricultural and energy commodities, credit derivatives, equities and equity derivatives, foreign exchange and interest rates.”

The Wall Street Journal notes that the deal “would end more than two centuries of independence for the New York Stock Exchange, one of Wall Street’s most enduring symbols of American capitalism.”

And, it adds: ”

Full article

If you enjoy the content at iBankCoin, please follow us on Twitter