Nasdaq (NDAQ) and IntercontinentalExchange (ICE) are making a joint offer of
$11.3 billion offer for NYSE Euronext (NYX), the parent of the New York Stock
Exchange. I have previously predicted stock exchange takeover activity in an
article back in February . Just one week later, the NYSE Euronext and Deutsche
Börse (DBOEY.PK), which operates the Frankfurt Stock Exchange, had agreed to a
$10 billion stock merger . NYSE Euronext, Inc. operates the New York Stock
Exchange, Euronext and NYSE Arca. The stock trades at 13 times forward earnings
and pays a yield of 3.4%. The biggest American competitor to NYX is Nasdaq OMX
Group Inc. which trades on its own exchange. NASDAQ was founded in 1971, and
went public in 2002. It is the largest electronic screen-based equity securities
trading market in the United States and second-largest by market capitalization
in the world. The stock has a forward P/E of 10. IntercontinentalExchange, Inc.
(ICE) operates regulated futures exchange and over-the-counter markets, and
derivatives clearing exchanges. The stock trades at 16 times forward earnings.
CME Group Inc. (CME) operates the CME, CBOT, NYMEX, and COMEX futures and
options exchanges that trade futures contracts and options on futures contracts
on interest rates, stock indexes, and other investments. The stock has a forward
PE ratio of 16 and sports a yield of 1.9%. To access other interesting stock
lists like this, you should check out the various free downloadable stock lists
at WallStreetNewsNetwork.com. Disclosure: Author did not own any of the above at
the time the article was written. By Stockerblog.com
No comments:
Post a Comment