NYSE Euronext makes outstanding shares offer

15 February 2007

NYSE Euronext has launched a new exchange offer for all outstanding shares of Euronext, operator of the Paris, Amsterdam, Brussels and Lisbon bourses.

The move follows approval for a transatlantic merger granted by the US Securities and Exchange Commission (SEC) for New York Stock Exchange operator NYSE to join up with Euronext, which also operates the Euronext Liffe derivatives market.

NYSE Group chairman, Marshall N Carter, said: "We are committed to bringing these two great businesses together to form the world’s first truly global financial marketplace group.

The exchange offer, which runs from February 15th to March 21st 2007, will be settled on April 4th, the same date that NYSE Euronext shares are expected to float on Euronext Paris and on NYSE. Together, we will strengthen our leadership position and better serve our customers in our home markets and throughout the world."

Euronext board members are recommending that shareholders accept the exchange offer for their shares, with the standard offer consideration for each share tendered set at 21.32 euros in cash, without interest, and 0.98 of a share of NYSE Euronext common stock.

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