NEW YORK - NYSE Euronext, the owner of the New York Stock Exchange, and Deutsche Boerse are close to proposing to merge and form the world's largest equity exchange. The deal would directly challenge competition authorities and would accelerate the wave of consolidation sweeping across the industry. Under its terms, Deutsche would pay a premium to subsume its smaller, US-headquartered rival. This would create a behemoth in Europe, combining a majority of the big national equity markets and...
Full Story: NZ Herald
