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.