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The NYSE and Deutsche statement

NYSE Euronext and Deutsche Börse have confirmed reports that the two exchanges are in merger talks. Shares had been suspended following rumours that the two exchanges operators were in negotiations. The exchanges have just put out a press release. Here it is in full:

NEW YORK and FRANKFURT, 9 February 2011 - In light of recent market rumors, Deutsche Börse AG and NYSE Euronext (NYX) today confirmed that they are engaged in advanced discussions regarding a potential business combination. They cautioned that no agreement has been reached. They also noted that there cannot be any assurance that an agreement will be reached or, if an agreement is reached, that a transaction will be completed. Any transaction would be subject to the approval of the two companies' boards, regulatory and shareholder approvals, as well as other customary conditions.

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