Bloomberg News

NYSE Euronext Plans $100 Million Stock Buyback by End of 2011

October 27, 2011

Oct. 27 (Bloomberg) -- NYSE Euronext plans to repurchase up to $100 million in common stock starting after the release of third-quarter earnings on Nov. 3 and ending in the fourth quarter, the New York-based company said in a statement today.

Deutsche Boerse AG has also announced a buyback plan of around 100 million euros ($140 million), and the companies will coordinate their repurchase programs to preserve the ownership percentages of 40 percent and 60 percent of shares to be held by former NYSE Euronext and Deutsche Boerse shareholders, respectively, in the combined company following their planned merger.

To contact the reporter on this story: Joanna Ossinger in New York at jossinger@bloomberg.net

To contact the editor responsible for this story: Stephen Kleege at skleege@bloomberg.net


Hollywood Goes YouTube
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus