Euronext backs NYSE bid as shareholder vote nears

05/23/2006 | · Bloomberg · Wall Street Journal, The

In the hours before shareholders are set to vote on competing merger proposals, Euronext sided with a bid by the New York Stock Exchange and called a rival offer from Deutsche Borse AG "misleading." Combing the NYSE with Euronext, which operates the Paris, Amsterdam, Brussels and Lisbon stock markets, would create a cross-Atlantic powerhouse with tremendous influence in the world's equity markets.

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