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PARIS, May 22: The supervisory board of Euronext, the pan-European stock market operator, voiced support on Monday for a takeover bid by the New York Stock Exchange, saying it was more attractive than a bid by Deutsche Boerse of Germany.
“The supervisory board and managing board of Euronext consider that the transaction with the NYSE offers the most attractive combination,” the panel said in a statement following a meeting.
But it added that proposals by both the NYSE and Deutsche Boerse, which operates the Frankfurt exchange, would be presented to an annual general meeting of Euronext shareholders in Amsterdam on Tuesday.
—AFP
