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NYSE Euronext to sell stake in options unit
Source: Agencies |
September 10, 2009, Thursday
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Print Edition
Print Edition
NYSE Euronext Inc said yesterday that it plans to sell a "significant" stake in its NYSE Amex options unit to seven Wall Street brokers.
The trans-Atlantic stock exchange operator said in a statement that it has agreed in principle on a framework with BofA Merrill Lynch, Barclays Capital, Citadel Securities, Citi, Goldman Sachs, TD Ameritrade and UBS to sell part of one of its two United States options exchanges.
NYSE Euronext would remain the largest shareholder and manage the daily operations, which would have a separate board of directors and a CEO. The transaction should be completed by the end of this year, the stock exchange operator said.
NYSE Euronext CEO Duncan Niederauer said the deal is intended to "further align our business interests with those of our customers."
Financial terms were not disclosed.
The trans-Atlantic stock exchange operator said in a statement that it has agreed in principle on a framework with BofA Merrill Lynch, Barclays Capital, Citadel Securities, Citi, Goldman Sachs, TD Ameritrade and UBS to sell part of one of its two United States options exchanges.
NYSE Euronext would remain the largest shareholder and manage the daily operations, which would have a separate board of directors and a CEO. The transaction should be completed by the end of this year, the stock exchange operator said.
NYSE Euronext CEO Duncan Niederauer said the deal is intended to "further align our business interests with those of our customers."
Financial terms were not disclosed.
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