Eurex Surprises Everyone, Gobbles Up ISE

T

The Greeks

http://www.reuters.com/article/bondsNews/idUSN3038667820070430

I guess the trans-atlantic merger boom is in full swing. First NYSE/Euronext now this. This is a really big surprise. I just met with David Krell from the ISE a few days ago and he was just going on about how happy he was to retire. He never let anything slip about this. Now I know why he was so happy. He's getting a 50% premium on his stock. Not a bad going-away present!!!!!
 
Indeed. Not a bad premium for the investors either. The stock gapped up over $20 on Monday morning.

Contrast this announcement with the Dow Jones deal. No one had a clue that this was coming, while it seems that everyone and their mother was buying DJ calls ahead of that announcement.
 
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