NYSE Who needs a premium?

The New York Stock Exchange may not be paying a premium for Euronext’s shares. But it has already put quite a lot of blue water between its own proposal and Deutsche Boerse’s. Its cash and shares bid values each Euronext share at 74.82, including dividends. And it is putting a third of the price on the table in cash. Deutsche Boerse officially hasn’t put a price on its own proposal. But it has clarified to Euronext that the exchange ratio will be calculated using the volume weighted average ma...