NYSE to Unveil Proposed Tie-Up With Euronext

From the front page of today's WSJ: The battle to consolidate the world's stock exchanges intensified, as the New York Stock Exchange put the finishing touches on a $10.1 billion proposal to link up with one of Europe's biggest stock-market operators, even as Germany's main market operator scrambled to prevent such a deal. Euronext operates the Paris, Amsterdam, Brussels and Lisbon stock markets, as well as the London-based Euronext.liffe, which trades futures and options. It dismissed Deutsche Boerse's most recent proposal, made last week, saying it offered nothing new. Euronext executives are expected to back an alliance with NYSE Group Inc., the NYSE's owner, according to a person familiar with the matter. Euronext's board meets today to consider both proposals. Read the whole article HERE