Crowley Hails Decision of Euronext Shareholders to Approve NYSE Merger

Crowley Hails Decision of Euronext Shareholders to Approve NYSE Merger

US Congressman Joseph Crowley (D-Queens & the Bronx) welcomed the news that shareholders of Euronext NV overwhelmingly voted to approve a an anticipated transatlantic merger with the New York Stock Exchange (NYSE). Rep. Crowley, a supporter of this deal, spoke with the French and German ambassadors in June to stress the benefits this merger between the two exchange markets would bring to Europe and the United States. With this merger between the NYSE and Euronext, New York City will also directly benefit as remaining the investment and financial center of the world, the Congressman stated.

"With the shareholders of Euronext approving this merger with the New York Stock Exchange, we have cleared a major hurdle that will combine two of the world's most important exchange markets and greatly afford more business opportunities to industries and investors in the United States and Europe.

"This merger deal that will allow the NYSE to take over Euronext also will translate into more badly needed jobs for New Yorkers, and maintain the city's role as the investment and financial capital of the world. Tomorrow, I anticipate the NYSE shareholders to follow suit so that a merger deal can be struck by early next year."

http://crowley.house.gov/news/record.asp?id=927