Publicatie
The balancing act of the NYSE Euronext board of directors
02-05-2011
On February 15 2011 the boards of NYSE Euronext and Deutsche Boerse announced their intentions to form a business combination. The combined group would be the world's largest exchanges operator by revenues and profit. Although the Deutsche Boerse shareholders would hold approximately 60% of the equity following consummation of the transaction, the proposed transaction can be regarded as a 'merger of equals', as it is construed as an all-stock transaction under a new legal entity incorporated in the Netherlands. The statutory seat of the new holding company would be Amsterdam, with dual headquarters in Frankfurt and New York. The shares of the new holding company will be listed and traded in Frankfurt, Paris and New York.
