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01 June 2007

Eurex and the International Securities Exchange are to merge to create the largest transatlantic derivatives marketplace. Eurex will acquire ISE for approximately $2.8 billion in cash, or $67.50 per share, subject to ISE shareholders approval and receipt of regulatory approval. ISE's Board of Directors recommended to shareholders to vote in favour of the transaction. The deal will create a marketplace with significant dollar and Euro product coverage and with operations and revenues in both the US and Europe. The Dubai Financial Services Authority has licensed the Dubai Mercantile Exchange Limited as an authorised market institution in the Dubai International Financial Centre. The DFSA has also granted the status of recognised body to New York Mercantile Exchange to carry on the financial service of operating a...


 

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