(2 Jun 2006)
AP TELEVISION
1. Wide shot of press conference
2. John Thain, CEO of NYSE group, Euronext chief Jean-Francois Theodore and Euronext Chairman, Jan-Michiel Hessels posing for photographers
3. Cutaway press conference
4. SOUNDBITE (English): Jan-Michiel Hessels, Euronext Chairman:
"Yesterday the Euronext board concluded that the proposed merger of equals, with NYSE, is the most attractive consolidation opportunity, that we should enter into an agreement to pursue this, and that we should do this now. Therefore the combination agreement was signed last night."
5. Cutaway wide
6. SOUNDBITE (English): Marshall Carter, Chairman NYSE group:
"Over the past year it became clear to me, John Thain and our board of directors, that the ideal partner for the New York Stock Exchange would be Euronext because Euronext shares our strategic vision that to become a true global competitor, will require further market consolidation, greater diversity of product offerings and a much better ability to reach investors and issuers around the world."
7. Cutaway pan across conference
8. SOUNDBITE (English): John Thain, Chief Executive Officer of NYSE group:
"We are also creating a great trans-Atlantic marketplace, and I think beyond the cooperation between our two marketplaces this also can be an opportunity to further enhance the relationships between the United States and Europe. We are combining two great companies, and we will be a truly global competitor. Because I think in today's marketplace it's not enough to simply be the leader in the United States, it's not enough simply to be the champion of Europe. It is really important to be a global competitor, and that is what we are creating here today."
9. Wide pan across press conference
AP TELEVISION
FILE: Paris, 22 May 2006
10. Pan across exterior of Euronext building
11. Various interior shots of Euronext
AP TELEVISION
FILE: Amsterdam, 23 May 2006
14. Exterior of Euronext building
AP TELEVISION
FILE: Frankfurt, 23 May 2006
15. Wide of German Stock Exchange building
16. Stock brokers in front of giant Deutsche Boerse sign above
17. Various of stock brokers working in stock exchange with monitors showing market share prices
AP TELEVISION
FILE: New York, 2005
18. Medium of Wall Street sign and exterior of NYSE
NYSE
FILE: New York, 22 May 2006
19. Wide pan of New York Stock Exchange (NYSE) floor
STORYLINE
Officials of the New York Stock Exchange and Euronext confirmed their revolutionary 9.96 (b) billion US dollar (euro7.82 billion) union during a press conference in Paris on Friday.
NYSE group CEO John Thain and Chairman Jan-Michiel Hessels explained their deal, confirming the NYSE agreed on Thursday to buy Euronext, which operates the Paris, Amsterdam, Brussels and Lisbon exchanges, for 9.96 billion (b) US dollars in cash and stock.
"Yesterday the Euronext board concluded that the proposed merger of equals, with NYSE, is the most attractive consolidation opportunity, that we should enter into an agreement to pursue this, and that we should do this now," said Jan-Michiel Hessels, Euronext Chairman.
The proposed combination of the New York Stock Exchange and Euronext NV would mark not only the first trans-Atlantic securities market but a Goliath of the equities trading business.
"In today's marketplace it's not enough to simply be the leader in the United States, it's not enough simply to be the champion of Europe. It is really important to be a global competitor, and that is what we are creating here today," said John Thain, Chief Executive Officer of NYSE group.
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