Amex Gets Bought?
By Christine Birkner
Published 2/13/2008
The American Stock Exchange (Amex) became the latest exchange to be acquired when NYSE Euronext signed an agreement to purchase it for $260 million on Jan. 17. The transaction is subject to regulatory and Amex member approval and is expected to close in the third quarter of 2008.
?The acquisition by NYSE Euronext may just be the shot in the arm that Amex needs to right its sinking ship,? says Mark Longo, founder of The Options Insider.com. ?The combination of Amex?s innovative products with NYSE Euronext?s technology and financial muscle is formidable,? he says.