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Huckleberries Online

Thu., Dec. 20, 2012, 8:55 a.m.

Atlanta Firm Buys NY Stock Exchange

The New York Stock Exchange called time on two centuries of independence on Thursday, agreeing to an $8.2bn takeover that will hand control of the icon of American capitalism to an Atlanta-based energy trader. The stock exchange's holding company, NYSE Euronext, has agreed to an offer of $33.12 a share in cash and stock from IntercontinentalExchange (ICE). ICE was founded in 2000, NYSE in 1817. The combined company would have headquarters in both ICE's home of Atlanta and in New York. The takeover comes amid a historic shift for Wall Street and stock exchanges around the world/Dominic Rushe, The Guardian. More here. (AP photo: Specialist Wingszi Chiang directs trading at the New York Stock Exchange Thursday)

Question: What's this mean to the average Joe?




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D.F. Oliveria
D.F. (Dave) Oliveria joined The Spokesman-Review in 1984. He currently is a columnist and compiles the Huckleberries Online blog and writes about North Idaho in his Huckleberries column.

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