BERLIN- Stock market operator NYSE Euronext said yesterday that it is in "advanced discussions" about a possible merger with Germany's Deutsche Boerse AG, which runs the Frankfurt stock exchange. A possible all-stock deal would create the world's largest exchange operator by revenues and profit, NYSE Euronext said. The new entity would have headquarters in New York and Frankfurt.
The company cautioned, however, that no agreement has been reached and there could not be any assurance that a deal would eventually be done. Deutsche Boerse AG chief executive Reto Francioni would become the new group's chairman, and NYSE's CEO Duncan Niederauer, based in New York, its CEO, yesterday's statement said.