Thursday, June 15, 2006

NYSE may have more than it can handle

The NYSE-Euronext deal seemed logical to many who view consolidation as necessary. But many politicians in Europe feel the right suitor ought to be Deutsche Boerse. Why? Well Europeans dont like Sarbanes Oxley and they think a deal between the NYSE and Euronext would be the beginning of taking SOX to Europe. NYSE's stock has plummetted recenetly, along with other brokerage stocks, and this decline has made its offer for Euronext pretty close to Deutsche Boerse's.

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