BBC NEWS | Business | NYSE and Euronext in $20bn merger

BBC NEWS | Business | NYSE and Euronext in $20bn merger: "The New York Stock Exchange and European exchange Euronext are to combine in a 'merger of equals', the pair have announced.

The agreement will create a transatlantic stock market worth $20bn (16bn euros; £11bn).

Each NYSE share will be converted into one share of common stock in the merged company, to be renamed NYSE Euronext."