NYSE Euronext To Acquire NYFIX In Deal Worth $144 Million
August 27 2009 - 8:45AM
Dow Jones News
Transatlantic stock market operator NYSE Euronext (NYX) Thursday
said it has entered an agreement to acquire trading efficiency
solutions provider NYFIX Inc. (NYFX) in a deal worth around $144
million.
MAIN FACTS:
- NYSE Euronext is acquiring NYFIX through its indirect,
wholly-owned subsidiary NYSE Technologies, Inc.
- The transaction is expected to close in the fourth quarter of
2009 and to be accretive to NYSE Euronext 2010 earnings, excluding
one-time deal and restructuring costs.
- The deal is in all-cash at $1.675 per share of common
stock.
- The NYSE Euronext, NYSE Technologies and NYFIX Boards of
Directors have approved the acquisition, which is subject to
approval by NYFIX shareholders and customary regulatory
approvals.
- By Paris Bureau, Dow Jones Newswires; +331-4017-1740;
william.horobin@dowjones.com