NEW YORK (AP) - NYSE Group Inc. agreed to acquire Euronext NV for about $10 billion (euro7.85 billion) in cash and stock, creating the first trans-Atlantic securities market in a deal that would pressure rival exchanges to consolidate.
The New York Stock Exchange trumped Thursday a competing bid by Deutsche Boerse AG to acquire Paris-based Euronext, which operates bourses in Paris, Amsterdam, Brussels and Lisbon. Once approved by shareholders and regulators, the New York Stock Exchange and Euronext will handle about $2.1 trillion (euro1.65 trillion) in stock trades each month and have a market value of $20 billion (euro15.7 billion).