stock exchange Euronext has announced that it would ask
for shareholder approval on December 19 for a proposed
takeover by acquirer NYSE Group, which operates the New
York Stock Exchange that had proposed a $10-billion friendly
stock exchanges have been keen to have a presence in Europe,
where regulations are not as stringent as in the US, enabling
companies to list more easily. Euronext operates stock
exchanges in Paris, Amsterdam, Lisbon and Brussels and
a derivatives market in London.
has called an extraordinary meeting on December 19 in
Amsterdam to seek shareholder approval. In a statement
its board had recommended the merger to the shareholders.
Earlier in June 2006, Euronext had accepted the NYSE Group''s
will now have to seek a clearance for the merger from
regulators in each of these countries.