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NEw York Stock Exchange is Being Sold to Overseas Company!!!! Wth!!!!

 
Anonymous Coward
User ID: 17168884
United States
12/21/2012 11:15 PM
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NEw York Stock Exchange is Being Sold to Overseas Company!!!! Wth!!!!
Lowered credit rating and now this?!!


[link to www.bbc.co.uk]


NYSE agrees to be sold to rival ICE

NYSE Euronext profits slump 32%
The parent company of the New York Stock Exchange is to be sold to smaller rival Intercontinental Exchange (ICE) for $8bn (£5bn).

Atlanta-based ICE is offering cash and shares for NYSE Euronext, although the deal will need regulatory approval.

ICE said that it planned to float off the Euronext part of the business, which runs the main stock exchanges in Paris, Brussels, Amsterdam and Lisbon.

Shares in NYSE Euronext rose 32% following the announcement.

However, ICE's share price fell 4%.

ICE is offering $33.12 per NYSE Euronext share in stock and cash, which is a 37% premium on NYSE Euronext's Wednesday closing price.
Anonymous Coward (OP)
User ID: 17168884
United States
12/22/2012 09:10 AM
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Re: NEw York Stock Exchange is Being Sold to Overseas Company!!!! Wth!!!!
bump
Anonymous Coward
User ID: 30630869
Germany
12/22/2012 09:16 AM
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Re: NEw York Stock Exchange is Being Sold to Overseas Company!!!! Wth!!!!
wtf bump
SteamrolledGobias

User ID: 15716609
United States
12/22/2012 09:21 AM

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Re: NEw York Stock Exchange is Being Sold to Overseas Company!!!! Wth!!!!
I've heard this news too, but I don't understand what that means. Can you even sell stock exchanges?

who "owned" it before and authorized the sale?
DMTHC

User ID: 30311886
Australia
12/22/2012 09:33 AM

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Re: NEw York Stock Exchange is Being Sold to Overseas Company!!!! Wth!!!!
His american, headquaters is ATL



Owner Name Date Shared Held Change (Shares) Change(%) Value(in 1,000s)
PRICE T ROWE ASSOCIATES INC /MD/ 09/30/2012 5,528,477 137,727 2.56 709,359
MACQUARIE GROUP LTD 09/30/2012 4,897,709 58,505 1.21 628,425
VANGUARD GROUP INC 09/30/2012 4,238,097 87,732 2.11 543,790
SANDS CAPITAL MANAGEMENT, LLC 09/30/2012 4,009,925 (304,901) (7.07) 514,513
STATE STREET CORP 09/30/2012 2,905,064 106,613 3.81 372,749
ALLIANCEBERNSTEIN L.P. 09/30/2012 2,333,128 1,611,246 223.20 299,364
BARCLAYS GLOBAL INVESTORS UK HOLDINGS LTD 09/30/2012 1,920,503 32,775 1.74 246,420

[link to www.nasdaq.com]

he cut a deal with 10 of the world's largest banks, including Goldman Sachs (GS), Morgan Stanley (MS), and Bank of America (BAC), to clear their trades in exchange for sharing the profits with them.

Sprecher founded ICE a decade ago as an online marketplace for energy trading. Since getting into the business of CDS clearing—serving as a middleman in transactions involving the derivatives—ICE has become dominant. Between its operations in the U.S., called ICE Trust, and Europe, Sprecher's company has cleared more than $10 trillion in such swaps; its closest rival, CME Group (CME), has cleared $192 million.

[link to www.businessweek.com]

The New York Board of Trade (NYBOT), renamed ICE Futures US in September 2007

[link to en.wikipedia.org]


NEW YORK (AP) — The New York Stock Exchange is being sold to a rival exchange for about $8 billion, ending more than two centuries of independence for the iconic Big Board.

IntercontinentalExchange Inc., an upstart exchange based in Atlanta, said Thursday that NYSE Euronext Inc. shareholders can chose to receive either $33.12 in cash, .2581 IntercontinentalExchange Inc. shares, or a combination of $11.27 in cash plus .1703 shares of stock.


[link to business.time.com]

Last Edited by DMTHC on 12/22/2012 09:34 AM
Let me let you in on a little secrete of mine, as far as god goes I don't believe in your kind- I think we all god just gotter look deeper inside, that's probably what your bible means by you seek and you find.
DMTHC

User ID: 30311886
Australia
12/22/2012 09:34 AM

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Re: NEw York Stock Exchange is Being Sold to Overseas Company!!!! Wth!!!!
Founded in 2000, the company has grown to a roughly $9 billion exchange with $1.3 billion in revenue via approximately a dozen acquisitions.

"I have never traded. I never wrote computer code," Sprecher told the Atlanta Journal-Constitution in a May 2012 interview. "Yet I built an electronic trading company that's involved in some of the most advanced trading anywhere."


[link to www.usatoday.com]
Let me let you in on a little secrete of mine, as far as god goes I don't believe in your kind- I think we all god just gotter look deeper inside, that's probably what your bible means by you seek and you find.
DMTHC

User ID: 30311886
Australia
12/22/2012 09:38 AM

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Re: NEw York Stock Exchange is Being Sold to Overseas Company!!!! Wth!!!!
He has led numerous strategic initiatives that have enabled ICE to expand from a single asset class — energy — into five asset classes today. These initiatives have included numerous acquisitions, including the International Petroleum Exchange of London (2001), the New York Board of Trade (2007), Creditex (2008), The Clearing Corporation (2009) and the Climate Exchange (2010

[link to ir.theice.com]

On July 1, 2008, Sprecher responded to a BusinessWeek column on oil speculation, saying that ICE's markets are neither dark nor unregulated.

[link to www.marketswiki.com]
Let me let you in on a little secrete of mine, as far as god goes I don't believe in your kind- I think we all god just gotter look deeper inside, that's probably what your bible means by you seek and you find.
Anonymous Coward (OP)
User ID: 17168884
United States
12/22/2012 11:20 PM
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Re: NEw York Stock Exchange is Being Sold to Overseas Company!!!! Wth!!!!
I cant believe this isnt disturbing more of you!!!
Anonymous Coward
User ID: 30680209
Australia
12/22/2012 11:23 PM
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Re: NEw York Stock Exchange is Being Sold to Overseas Company!!!! Wth!!!!
Its not disturbing me at all..Im laughing at it.

Financial deception to its core.
Anonymous Coward
User ID: 30682604
Australia
12/22/2012 11:33 PM
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Re: NEw York Stock Exchange is Being Sold to Overseas Company!!!! Wth!!!!
stock exchanges are companies just like any other , the goverments these days don,t own any wealth generating assest
anymore because whats the point in that, thats what taxes are for


cruise