NYSE Group Inc. quotato dal 8 marzo

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LA SEC APPROVA LA FUSIONE NYSE ARCHIPELAGO
LE AZIONI NYSE IN BORSA DALL'8 MARZO COL SIMBOLO NYX

SEC Approves NYSE's Plan
To Buy Archipelago

By AARON LUCCHETTI
February 27, 2006 7:27 p.m.

The Securities and Exchange Commission approved the New York Stock Exchange's landmark transaction to buy electronic exchange operator Archipelago Holdings Inc. and go public.

In an announcement Monday evening, the SEC announced the deal can move forward. The SEC approval represents the final hurdle before the NYSE can close the deal. The exchange has said it will try to close the deal -- currently valued at about $7 billion -- about a week after SEC approval.

Shares of the new company, NYSE Group Inc., will trade under the symbol NYX. The NYSE is making the deal as a way to go public and to build its business in stock options, exchange traded funds, stocks listed on Nasdaq Stock Market Inc. and bonds.

Earlier this year, federal regulators at the SEC required changes in the way the NYSE's regulatory board was structured. After consulting with the SEC, the NYSE changed the board by adding more independent directors who won't also sit on the new NYSE Group board.

The NYSE expects to follow the SEC's approval with a secondary stock offering in March or April, as current Big Board members decide whether they want to sell some of their shares in the new company.

Regulators' approval marks the last step in a difficult merger approval process. The exchange got antitrust approval from the Department of Justice, then got overwhelming support from the exchange's 1,366 seatholders, or members, approved the deal overwhelmingly in December after the exchange fended off a lawsuit from dissident members and an alternative bid proposal floated by billionaire investor and NYSE member Kenneth Langone.

In a statement, SEC Chairman Christopher Cox said "The evolution of our major exchanges into for-profit, publicly-traded companies that compete on a global basis will require increasingly vigorous and vigilant regulation." He added that the SEC "intends to closely monitor" the new company's performance.

The NYSE said the merger will close Tuesday March 7, with the shares of the NYSE Group beginning March 8. "This will mark the beginning of a new era for the exchange and America's financial markets," said John Thain, the exchange's chief executive in a statement.

 

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AX Last: 68.15 Change: +2.45 +3.73% Volume: 214,700 9:44am 02/28/06

 

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Merrill Lynch & Co., Morgan Stanley, J.P. Morgan Chase & Co.
e Lehman Brothers Holdings Inc. formeranno il consorzio di collocamento
per l'offerta pubblica secondaria (Secondary Public Offering) di azioni
NYSE Group Inc (simbolo NYX) che avrà luogo fra la fine di marzo e gli
inizi di aprile

notizia ricavata dal wall street journal:

Four Big Wall Street Firms
To Lead NYSE's Stock Sale

By AARON LUCCHETTI
March 1, 2006 9:41 a.m.

The New York Stock Exchange has selected Merrill Lynch & Co., Morgan Stanley, J.P. Morgan Chase & Co. and Lehman Brothers Holdings Inc. to lead its high-profile stock offering expected in March or April, according to people familiar with the matter.

The selection of four lead underwriters suggests the Big Board wants to spread the investment-banking spoils widely on Wall Street, giving business to a number of firms whose brokerage arms account for a large chunk of the exchange's business.

Merrill Lynch, which commands the nation's largest brokerage force, got the nod for NYSE offer even after taking the lead role recently in managing a secondary stock offer by Big Board rival Nasdaq Stock Market Inc. J.P. Morgan also served as a lead underwriter on the $550 million Nasdaq offer.

The NYSE's offering will be the first of its kind in the exchange's 213-year history. The Big Board is set to purchase publicly traded exchange operator Archipelago Holdings Inc. next week in a $7 billion deal, a transaction that will give the NYSE 70% of a new public company, NYSE Group Inc.

The new company will then set to work on its first sale of stock to the public, which in Wall Street jargon will technically be considered a so-called secondary offer. The initial batch of stock will be distributed to NYSE seat holders and employees and Archipelago staff under terms of the companies' merger. The secondary offering could raise between $1 billion to $2 billion, depending on how many Big Board seat holders decide to sell some of their shares in the new company.

It's still unclear which of the four banks, if any, will take the traditional lead underwriting role. The firms may be listed alphabetically on the offering registration paperwork filed with the Securities and Exchange Commission so that all four can be seen as taking a leadership role, one person familiar with the process said. Underwriters help drum up investor interest in stock offerings. They typically take on the risk of the offer by purchasing the shares before selling them to new investors. Lead, or managing, underwriters earn higher fees for helping to set the stock's sale price and other pre-offer work.

After NYSE Chief Executive John Thain's former employer, Goldman Sachs Group Inc., weathered criticism for representing both the NYSE and Archipelago in the deal announced last April, the NYSE has spread out assignments, giving Citigroup Inc. the role of writing a fairness opinion of the deal late last year and choosing Bear Stearns Cos.' floor-trading unit to oversee the buying and selling of the new company's stock on the NYSE floor.

 

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Il NYSE si sta preparando ad incrementare il numero
dei corporate bonds quotati da 1000 a 5000 , dopo la
fusione con Archipelago in calendario martedì 7 marzo

dal wall street journal:

NYSE Seeks to Revive Its Role
As a Big Board for Bond Trading

By SERENA NG and AARON LUCCHETTI
March 3, 2006; Page A1

The New York Stock Exchange is making a push to go back to its roots -- in bonds.

Bonds have changed hands on the exchange since 1792, when several brokers gathered to trade government war debt under a buttonwood tree on Wall Street. But over the past two decades, trading has dried up, in part because of red tape and many complexities associated with buying and selling debt on the exchange.


Now NYSE Chief Executive John Thain is preparing to start electronic trading of more than 4,000 bond issues on the NYSE, four times the number currently traded, as part of a broader effort to claim a larger stake of the $5 trillion corporate bond market.

Most of that trading now is handled by big investment banks, who deal directly with each other instead of using an exchange -- unlike the $16 trillion of publicly traded U.S. stocks, most of which trade on exchanges.

Corporate bonds are one of several markets that Mr. Thain has promised to exploit via new, electronic platforms. While the plan poses no immediate threat to brokers, in the long run it could herald a big shift in the way bonds are traded. Bond trading "is fragmented and not transparent, and that gives us opportunity," Mr. Thain said in an interview.

 

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AX Last: 68.47 Change: +0.61 +0.90% Volume: 764,900 4:01pm 3/3/2006

 

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AX sfiora i 70$ alle 10.30 am E.T. nuovo massimo assoluto

 

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le azioni Archipelago (AX) si sono ieri trasformate in azioni
NYSE Group Inc. (NYX) oggi quotate circa 84$

a questi prezzi il gruppo è valutato meno della Deutsche Borse,
il cui "peso" a livello globale è pari a circa il 5% del solo NYSE

ricordiamo che il NYSE Group Inc. comprende:
The New York Stock Exchange
The Pacific Stock Exchange (options)
Archipelago (ArcaEx)