Author: Elena Todorova
123jump.com
Last Update: 12:01 PM EDT May 22 2006
NYSE offered to acquire Euronext for $10.2 billion, swapping each of its shares for 0.98 share of Euronext and $27.22 in cash. The deal values Euronext at about 5% below its Friday closing price of $95.24, and outbids a rival $82-per-share bid from Deutsche Boerse. NYSE Group fell $3.28 to $61.22, and Nasdaq fell $2.95 to $30.10.
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