Euronext NV today confirmed that consolidation discussions regarding a “transformational combination” are progressing rapidly with a number of parties.
The exchange says that, “It is very clear from moves across the exchange industry that the process of global consolidation is well underway, and Euronext is committed to playing a leading role in these developments.”
It issued a statement confirming discussions in response to market speculation, although it doesn’t reveal who it is talking to. It has had talks with the Deutsche Boerse AG, and it has also been reported that it has talked with both the New York Stock Exchange and the Chicago Mercantile Exchange.
Euronext says it is committed to identifying and pursuing the best consolidation transaction for its shareholders and stakeholders. “The managing board is actively assessing the different options as they evolve, and the supervisory board will review the status of discussions when it meets prior to the Annual General Meeting on May 23rd,” it says. “Euronext will outline the most attractive options to shareholders at the AGM, with the goal of finalising an agreement as soon as practicable thereafter.”
Euronext confirms discussions regarding ”transformational combination”
Exchange committed to best consolidation transaction
- By: James Langton
- May 18, 2006 May 18, 2006
- 08:10