END GAME Prt2 - NYSE and ARCA Agree to Merge
— NYSE Group, Inc. Will Become a Publicly Held Company —
Better serves investors and all customers Supports growth and competitive position of the Exchange and U.S. in the increasingly challenging global financial marketplace Creates a diverse platform for the trading of listed and over-the-counter equities, options and other derivative products including ETF’s Produces efficiencies, drives innovation, and creates new business and revenue opportunities Enables public to own shares in the world’s leading securities market
New York, April 20 – The New York Stock Exchange (NYSE) and the Archipelago Exchange (ArcaEx), with approval of their boards of directors, today announced that they have entered a definitive merger agreement that will lead to the combined entity, NYSE Group, Inc., becoming a publicly-held company. If approved by regulators, NYSE members and Archipelago shareholders, the merger will represent the largest-ever among securities exchanges and combine the world’s leading equities market with the most successful totally open, fully electronic exchange, creating long-term shareholder value. |
