NYSE readies secondary offering

04/27/2006 | Wall Street Journal, The · Reuters

Shareholders in the parent company of the New York Stock Exchange will sell 25 million shares in the company, worth about $1.7 billion, in the exchange's long-awaited secondary offering, according to SEC documents. The deal is likely to be very profitable for much of Wall Street -- investors include Goldman Sachs Group, UBS Securities and Merrill Lynch & Co.; while underwriters are expected to be JPMorgan, Lehman Brothers, Merrill and Morgan Stanley.

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Wall Street Journal, The · Reuters

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