U.S.-Europe Exchange One Step Closer

The all-but-sure merger of the NYSE and European bourses will streamline operations and lower transaction costs

Plans to create the first transcontinental bourse cleared a key European hurdle on Dec. 19 as shareholders in European stock exchange Euronext overwhelmingly approved a merger with the New York Stock Exchange. Despite lukewarm support from many European politicians and some business interests who fear the U.S. will dominate the merged exchange, the deal won 98.2% of votes cast at a Euronext meeting in Amsterdam. NYSE shareholders are set to vote in New York on Dec. 20.

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