Quote:
Originally Posted by RenaudFR
You're wrong.They would merge, it's not a buyout.It's very different.
And it's not Deutsche Börse which would lead, but DB shareholders, they're not 100% german, you have Americans among them.
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My apologies.
The Wall Street Journal described it as "The combination would effectively be a takeover by Deutsche Börse, whose shareholders would hold around 60% of a new entity, and end the long search by Chief Executive Reto Francioni for a transformative deal."
NYSE, Deutsche Börse in Deal Talks - WSJ.com
"Mr. Francioni would be chairman while NYSE Euronext Chief Executive Duncan Niederauer would retain his role under a board drawn equally from both companies. The new entity would be led jointly from the new Deutsche Börse headquarters near Frankfurt and New York, and incorporated in the Netherlands."
Mergers and buyouts can often have the same result as well, where one brand dies. Continental Airlines and United Airlines entered into a "merger of equals," with United shareholders having majority control. Now every plane is going to have United on the side of it and the headquarters are in Chicago and 500 ex-Continental employees were let go in Houston just this week. Nonetheless, merger or buyout, it is two companies becoming one. The NYSE would become a part of Deutsche Borse.