Econintersect: Securities Technology Monitor asks: “Merger Mania?” Later in the same day that the LSE/TMX merger was announced, the the Deutsche Börse AG and NYSE Euronext confirmed are trying to combine. And a third global merger is also going either to be consumated this week or to expire Friday, according to a agreement signed in December between BATS Global Markets, the Kansas City exchange operator, and Chi-X Europe, the pan-European trading “facility” which has become the prime electronic challenger to the LSE.
The following graphic is from Securities Technology Monitor:
Sources: GEI News and Securities Technology Monitor
The Deutche Borse deal would be an all stock transaction. Deutsche Borse shareholders likely would have majority control of the combined firm. Deutsche Börse shareholders would hold approximately 59 to 60%, and NYSE Euronext shareholders would hold approximately 40 to 41%, of the combined company’s equity.
