http://dealbook.nytimes.com/2011/02/15/new-york-and-german-exchanges-seal-deal/?ref=global
Summary:
According to this article written by Michael J. De La Merced, the United States major stock exchange, NYSE Euronext, and the German stock exchange, Deutsche Börse, agreed this past Tuesday to a $10 billion dollar “all-stock merger”. This means that the two of the world’s biggest stocking exchanges are going to be combined into one “trans-Atlantic powerhouse.” (Merced) Both stock exchanges plan on being the biggest financial market, which permits investors to access hundreds to thousands of stock listings between the U.S. and Europe. They want faster trading at lower cost!!! Mr. Francioni of Deutsche Börse is now chairman of the company, while Mr. Niederauer of NYSE Euronext will be chief executive. However, there will be two headquarters one in United States, New York, and one in German, Frankfurt. All they need now is a name!
What do you think should be the name of this company? And are you skeptical about this process? If so, what do you believe could stir-up a problem?
Rachel Mendoza
Discussion: Friday 10 am
TA: Armel
I think this is a great business opportunity. I don't know what I would call it, but I think this will prove to be very beneficial for our economy. The only thing that would stir-up stuff is if the relations between Germany and the US get somehow messed up, but I would hope they would plan for that and make guidelines in case.
ReplyDeleteAlexandria Burek
friday 10am
I agree with you. Also, I believe that if a money transactions had gone wrong it would stir up a situation. I feel this is very benefical to an international economy yet I feel it can cause dangerous territory.
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