Frankfurt-based Eurex has agreed to pay $2.8 billion in cash, or $67.50 per share, for New York-based International Securities Exchange. Frankfurt-based Deutsche Börse and Zurich-based Swiss Exchange – the two exchanges that jointly operate Eurex – will provide 85% and 15% of the financing respectively. The merger, which was announced today, is subject to shareholder and regulatory approval, and given that, it is expected to close by the fourth quarter of this year.
Source: Risk magazine | 02 May 2007
Updating your subscription status
Risk iPad and iPhone Apps