America hits bottom?: New York Stock Exchange to be sold
67 replies, posted
[quote]The parent company of the New York Stock Exchange is to be sold to smaller rival Intercontinental Exchange (ICE) for $8bn (£5bn).
Atlanta-based ICE is offering cash and shares for NYSE Euronext, although the deal will need regulatory approval.
ICE said that it planned to float off the Euronext part of the business, which runs the main stock exchanges in Paris, Brussels, Amsterdam and Lisbon.
Shares in NYSE Euronext rose 32% following the announcement.
However, ICE's share price fell 4%.
ICE is offering $33.12 per NYSE Euronext share in stock and cash, which is a 37% premium on NYSE Euronext's Wednesday closing price.
If the deal gets the backing of regulators, the combined company would become the world's third-largest exchange group.
Last year, the US Justice Department blocked an £11bn joint hostile bid for NYSE Euronext by ICE and Nasdaq OMX, which owns the Nasdaq stock market.
This time around, ICE has bid on its own, and got the backing of the board at NYSE Euronext.
ICE is an internet-based operation that allows the trading of a number of commodities, such as sugar and cotton, as well as financial products.
Its chairman and chief executive Jeffrey Sprecher said: "We believe the combined company will be better positioned to compete and serve customers across a broad range of asset classes by uniting our global brands, expertise and infrastructure."
A separate bid for NYSE Euronext by Deutsche Boerse, the company that runs Germany's main stock exchange, was blocked earlier this year by European regulators.[/quote]
[url=http://www.bbc.co.uk/news/business-20802445]Source (BBC)[/url]
ouch
ohohohoh oh god
can't wait until people connect this with mayan end of the world
Alright, cool, big deal. All this serves to do is open up a great time to invest while the market goes down.
just fyi for those of you who think this is a huge deal
its not
[QUOTE=NightmareXx;38918077]just fyi for those of you who think this is a huge deal
its not[/QUOTE]
Shhhh
You're gonna ruin it
Apple could do this twenty times over, it doesn't matter.
I must be a little Marxist, I find the entire system of stock and banks and money and investments to be revolting.
[QUOTE=Elecbullet;38918092]I must be a little Marxist, I find the entire system of stock and banks and money and investments to be revolting.[/QUOTE]
I love it, money for nothing but clicking buttons and reasoning.
so now America's credit rating was lowered, AND the NYSE got sold to an ovreseas compnay under obamas watch. sigh... if only romney won.
[QUOTE=SPESSMEHREN;38918146]so now America's credit rating was lowered, AND the NYSE got sold to an ovreseas compnay under obamas watch. sigh... if only romney won.[/QUOTE]
because romney would have any impact on this at all
hint
he fucking wouldn't
[QUOTE=HumanAbyss;38918178]because romney would have any impact on this at all
hint
he fucking wouldn't[/QUOTE]
yes he would have. he had a plan to create american jobs so that the NYSE wouldn't have got sold to job-stealing overseas firms. unfortunalty people wanted welfare and and ~~right-to-work~~ and 4 more years of bullshit socialism shit, so now they suffer the consequencies of drowning our kids in debt.
seriously romney could've prevented the fucking myan apocylapise. u know why the world will end? because we're drowning in debt we can tpay to china. thanks to obama.
See also:
[media]http://www.youtube.com/watch?v=EoE9ifgcFvI[/media]
wealthy people playing games like usual, nothing to see here
[QUOTE=Elecbullet;38918092]I must be a little Marxist, I find the entire system of stock and banks and money and investments to be revolting.[/QUOTE]
I make a lot of money off my shares in various companies, the only reason not to love it is if you don't understand it.
[QUOTE=SPESSMEHREN;38918204]yes he would have. he had a plan to create american jobs so that the NYSE wouldn't have got sold to job-stealing overseas firms. unfortunalty people wanted welfare and and ~~right-to-work~~ and 4 more years of bullshit socialism shit, so now they suffer the consequencies of drowning our kids in debt.
seriously romney could've prevented the fucking myan apocylapise. u know why the world will end? because we're drowning in debt we can tpay to china. thanks to obama.
See also:
[media]http://www.youtube.com/watch?v=EoE9ifgcFvI[/media][/QUOTE]
I really hope you aren't being serious
I didn't even know the NYSE was a private company.
[QUOTE=HumanAbyss;38918178]because romney would have any impact on this at all
hint
he fucking wouldn't[/QUOTE]
Well, he did have some plans regarding US jobs and the economy, which could possibly have had an effect on this situation. Whether or not those plans would have worked is an entirely different matter, and to comment one way or the other would be outside the realm of my expertise.
[editline]21st December 2012[/editline]
[QUOTE=Mr. Someguy;38918276]I didn't even know the NYSE was a private company.[/QUOTE]
Ironic, isn't it? A company that manages the funds of nearly every public company is itself a private company.
[QUOTE=Ponder;38918261]I really hope you aren't being serious[/QUOTE]
Hes super serial.
[I]Parent[/I] company.
[QUOTE=RichyZ;38918337]ur a fucking dumas if u r seriously not agreing with him...[/QUOTE]
k
[QUOTE=Mike42012;38918107]I love it, money for nothing but clicking buttons and reasoning.[/QUOTE]
... Which is the part that disgusts me.
[QUOTE=Elecbullet;38918352]... Which is the part that disgusts me.[/QUOTE]
Despite popular belief, it really isn't just clicking buttons and making wild guesses.
I have to put my money down for the company while they're doing poorly, and if they pick back up I get my investment back plus a little extra. There's risk in it too, it's not just making money everywhere you go.
[QUOTE=Kasuga Ayumu;38918448]Despite popular belief, it really isn't just clicking buttons and making wild guesses.
I have to put my money down for the company while they're doing poorly, and if they pick back up I get my investment back plus a little extra. There's risk in it too, it's not just making money everywhere you go.[/QUOTE]
So instead of being based on reason, our economy runs on gamblers' intuition.
Brilliant and not disgusting at all.
Most of capitalism confuses the hell out of me because I can't imagine a sustainable system where every transaction point has a middle man draining money out of the system for their profit.
[QUOTE=Elecbullet;38918352]... Which is the part that disgusts me.[/QUOTE]
It's basically gambling, everyone knows thats good. YOU MUST GET THAT LAST PENNY!
It's not gambling at all, it's investing.
[QUOTE=Kasuga Ayumu;38918448]Despite popular belief, it really isn't just clicking buttons and making wild guesses.[/QUOTE]
That's why I said reason, not guessing.
The income statement is the most powerful tool in the universe. That and the balance sheet.
[editline]21st December 2012[/editline]
It's not gambling, guys. Try gambling on the stock market, you lose everything.
[editline]21st December 2012[/editline]
[QUOTE=Elecbullet;38918352]... Which is the part that disgusts me.[/QUOTE]
I disagree, the reasoning part is pretty damn difficult if you don't know what you're doing and are just starting out.
Next events that will start the collapse of the USA:
>America goes theocratic because idiot bribed voters. Vatican is part of USA
>USA invades Canada
>USA conquers Canada
>USA invades Mexico
>All the south American nations unite to create the South American Federation(SAF)
>USA conquers Mexico
>USA continues to conquer until they reach the border with the SAF
>USA invades SAF
>Catastrophic failure,SAF counter attacks and destroys many USA colonies in central America.
>Massive rebellion in the USA
>Rebels destroyed
>Middle east calms the fuck down and unites
>Massive invasion of United Arab States(UAS)
>Vatican destroyed by Italy's Forces
>USA cannot war with SAF,UAS and Italy,but they disregard this.
>Second revolution in the USA
>Another failed revolution
>Serbia allies with Greece and Bulgaria
>Serbia and allies invade Kosovo
>Albania is angry
>Albania is destroyed
>Balkan nations unite to create United Countries Of The Balkan Peninsula(UCOTBP)
>UCOTBP doesn't want Turkey in Europe.
>Turkey gives the UCOTB the part.
>Europe slowly turns into communism
>Asia slowly turns communist
>Africa slowly turns communist
>All unite under the name of United Socialist Federation Of Eurafrasia(USFOE)
>SAF joins the USFOE,now named International Socialist Federation(ISF)
>USA is completely annihilated by the ISF
>ISF is whole world,world peace guaranteed
[QUOTE=RichyZ;38918337]ur a fucking dumas if u r seriously not agreing with him...[/QUOTE]
o yea fite me irl
[QUOTE=IPK;38919033]Next events that will start the collapse of the USA:
>America goes theocratic because idiot bribed voters. Vatican is part of USA
>USA invades Canada
>USA conquers Canada
>USA invades Mexico
>All the south American nations unite to create the South American Federation(SAF)
>USA conquers Mexico
>USA continues to conquer until they reach the border with the SAF
>USA invades SAF
>Catastrophic failure,SAF counter attacks and destroys many USA colonies in central America.
>Massive rebellion in the USA
>Rebels destroyed
>Middle east calms the fuck down and unites
>Massive invasion of United Arab States(UAS)
>Vatican destroyed by Italy's Forces
>USA cannot war with SAF,UAS and Italy,but they disregard this.
>Second revolution in the USA
>Another failed revolution
>Serbia allies with Greece and Bulgaria
>Serbia and allies invade Kosovo
>Albania is angry
>Albania is destroyed
>Balkan nations unite to create United Countries Of The Balkan Peninsula(UCOTBP)
>UCOTBP doesn't want Turkey in Europe.
>Turkey gives the UCOTB the part.
>Europe slowly turns into communism
>Asia slowly turns communist
>Africa slowly turns communist
>All unite under the name of United Socialist Federation Of Eurafrasia(USFOE)
>SAF joins the USFOE,now named International Socialist Federation(ISF)
>USA is completely annihilated by the ISF
>ISF is whole world,world peace guaranteed[/QUOTE]
I think an eruption at Caldera would happen sooner.
Sorry, you need to Log In to post a reply to this thread.