NYSE Euronext, Inc.
(formerly NYSE Group, Inc.
and Euronext N.V.
) is a Euro
for-profit corporation that operates multiple securities exchanges
, most notably New York Stock Exchange
and NYSE Arca
(formerly known as ArcaEx).
NYSE completed its acquisition of Archipelago Holdings via a "double dummy" merger on March 7, 2006 in a US$10 billion deal to create the NYSE Group. The NYSE Group became a for-profit corporation and began trading publicly on its own stock exchange on March 8, 2006 under the NYX ticker. Owners of the 1,366 NYSE seats received 80,177 shares of NYSE Group stock plus US$
300,000 in cash and US$70,571 in dividends for each seat. NYSE Group merged with Euronext on April 4, 2007 to form the first global equities exchange. NYSE Regulation subsequently merged with NASD to form FINRA on July 26, 2007 and is therefore no longer managed by the exchange.
Euronext and NYSE Group
Due to apparent moves by NASDAQ
to acquire the London Stock Exchange
, NYSE Group bid €8 billion in cash and shares for Euronext
on May 22, 2006, outbidding a rival offer for the European Stock exchange operator from Germany
's Deutsche Börse
, the German stock market. Contrary to statements that it would not raise its bid, on May 23, 2006, Deutsche Börse
unveiled a merger bid for Euronext, valuing the pan-European exchange at US$11 billion (€8.6bn), €600 million over NYSE Group's initial... Read More