NEW YORK (AP) — The New York Stock Exchange is being sold to a rival exchange for about $8 billion, ending more than two centuries of independence for the iconic Big Board.
IntercontinentalExchange Inc., an upstart exchange based in Atlanta, said Thursday that NYSE Euronext Inc. shareholders can chose to receive either $33.12 in cash, .2581 IntercontinentalExchange Inc. shares, or a combination of $11.27 in cash plus .1703 shares of stock.
The deal has been approved by the boards of both companies, but would have to be approved by regulators.
Last year, IntercontinentalExchange and Nasdaq OMX Group Inc. made a failed $11 billion bid to buy NYSE Euronext.
Earlier this year, European regulators blocked Deutsche Boerse AG from buying NYSE Euronext.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
OKLAHOMA CITY (AP) -- Jonathan Gray pitched a three-hit shutout and fourth-seeded Oklahoma opened the Big 12 tournament with a 2-0 win against Baylor on Thursday.
BEREA, Ohio (AP) -- Browns quarterback Brandon Weeden is heading home to Oklahoma to help anyway he can in the aftermath of the deadly tornado.
Rickie Fowler is encouraging fans attending the Colonial to contribute to relief efforts after the deadly tornado this week in Oklahoma.
Three members of a Michigan city council have abstained from voting on a measure that would have prevented them from abstaining on future votes.