German stock market bids $2.8 billion for US peer ISE
04-30-2007, 14h09
FRANKFURT (AFP)
German stock market operator Deutsche Boerse said Monday it planned to bid 2.8 billion dollars (2.1 billion euros) for US market International Securities Exchange, a leading platform for stock option trading.
The German group, which has failed with attempts to buy the London Stock Exchange and pan-European operator Euronext in recent years, said it would bid 67.50 dollars per share in cash via its subsidiary Eurex, a joint company with Swiss partner SWX.
AFP
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