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NYSE Euronext shareholders approve Deutsche Börse merger

NYSE Euronext shareholders approved Thursday a merger with Deutsche Börse to form the biggest stock exchange operator in the world valued at some $25 billion (€17.4 billion).

Published: 7 July 2011 16:36 CEST
NYSE Euronext shareholders approve Deutsche Börse merger
Photo: DPA

A merged Deutsche Börse and New York Stock Exchange Euronext will own bourses in New York, Frankfurt, Paris, Lisbon, Amsterdam and Brussels.

Deutsche Börse shareholders will vote on the deal on July 13, with the tie-up expected to produce annual savings of €300 million.

Under the terms of the February 15 merger proposal, Deutsche Börse shareholders will own 60 percent of the combined, Netherlands-incorporated firm, and the German company, which runs the Frankfurt stock exchange, will dominate the new board.

The new entity will control nearly 90 percent of the markets for derivative investment instruments in Europe.

The deal was threatened earlier this year when Nasdaq OMX and the IntercontinentalExchange (ICE) launched a hostile, $11.3 billion bid for NYSE Euronext but the two firms walked away in May after US antitrust officials opposed the plan.

AFP/mry

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Emergency numbers fail in several German states

Callers to the emergency numbers 110 and 112 weren’t able to reach operators Thursday morning in several German states.

Published: 11 November 2021 09:37 CET
The 112 emergency number on an ambulance.
The 112 emergency number on an ambulance. Photo: picture alliance/dpa | Boris Roessler

The emergency number 110 for police and 112 for fire crews failed around the country early Thursday morning, with callers unable to reach emergency operators for urgent assistance between about 4:30 am and 5:40 am local time.

The Office for Civil Protection and Disaster Aid is looking into these outages, which were reported in states including Lower Saxony, Baden-Württemberg, and  Brandenburg, and in major cities like Berlin, Cologne, Hamburg, and Frankfurt. Cologne was further affected by cuts to electricity, drinking water, and regular telephone services. Lower Saxony also saw disruptions to the internal phone networks of police and hospitals.

Emergency services are not reporting any more disturbances and people should be able to once again reach 110 and 112 around the country as normal.

Investigators are looking into the problem, but haven’t yet established a cause or any consequences that may have happened due to the outage. Provider Deutsche Telekom says they have ruled out the possibility of an attack by hackers.

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