Deutsche Bourse and the NYSE have made their merger official. The one detail left out of the press release is the name of the combined organization.
DB is the larger of the two entities by market cap and gets the majority of the board seats. The New York Stock Exchange fancies itself as the most important trading venue on earth. NY politicians will hit the roof if the names goes away…
Must be an issue “to be determined” …
It is an all stock deal, so there should be minimal FX flows related to the transaction.
