NYSE Euronext brings troubled Amex on board
NYSE Euronext is to acquire the American Stock Exchange (Amex) in a $260 million share deal, providing a boost for the US derivatives market and the struggling exchange. The acquisition has been approved by both companies' boards of directors and is due to be completed by the third quarter of 2008, subject to Amex member and regulatory approval.
The move will enable the exchange to increase its capabilities in US options, ETFs, closed-end funds and structured products. NYSE already lists more
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