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From: TFF	1/17/2008 5:36:39 PM
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NYSE Euronext to buy American Stock Exchange By John Letzing, MarketWatch Last update: 4:59 p.m. EST Jan. 17, 2008Print E-mail RSS Disable Live Quotes SAN FRANCISCO (MarketWatch) -- Announcing a long-rumored deal, NYSE Euronext said Thursday it will acquire the American Stock Exchange for $260 million in stock. NYSE Euronext said in a release that the deal "will significantly enhance NYSE Euronext's scale in U.S. options, exchange traded funds (ETFs), closed-end funds, structured products and cash equities." The acquisition is expected to close in the third quarter "and will be accretive to NYSE Euronext's 2009 earnings," the exchange group said. It is subject to approval by American Stock Exchange members and U.S. regulators, NYSE Euronext said. Earlier this week, NYSE Euronext said it will buy privately held market data management firm Wombat Financial Software for $200 million. John Letzing is a MarketWatch reporter based in San Francisco.

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