SOLD: NEW YORK STOCK EXCHANGE TO (ICE)

Posted on Posted in News, Radio Freedom News

angel clark radio radio freedom news

Social Share Counters

NYSE-Euronext is a 220-year-old icon of global finance, but its 12 year-old Atlanta-based rival, IntercontinentalExchange (ICE) will buy it for $8.2 billion, according to a deal that has just been announced.

This revelation surprised a lot of people on the Street who thought all the exchange horse trading of 2010-2011 was over. In 2011, for example, the Justice Department blocked ICE and NASDAQ’s attempt to buy the NYSE.
was also stopped from merging with Germany’s Deutsche Borse.

Since 2010, $32 billion worth of attempted exchange merger/purchase deals have failed.

Read More:

Follow Radio Freedom on Facebook

Share

Leave a Reply