Bloomberg TV Report on Deutsche Boerse, NYSE Euronext

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(Corrects name of Bloomberg reporter in first paragraph.) Feb. 9 (Bloomberg) -- Bloomberg's Jeffrey McCracken talks about negotiations between Deutsche Boerse AG and NYSE Euronext that could lead to creation of the world's biggest equity exchange. NYSE and Deutsche Boerse said the combination will produce 300 million euros ($410 million) in cost savings, according to a statement. Duncan Niederauer, New York-based NYSE Euronext’s chief executive officer, will hold the same job at the combined company. Frankfurt-based Reto Francioni, CEO of Deutsche Boerse, will be chairman. Deutsche Boerse will own about 59 percent to 60 percent of the joined corporation. McCracken speaks with Margaret Brennan and Scarlet Fu on Bloomberg Television's "InBusiness." (Source: Bloomberg)


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