A few weeks ago it was announced that the New York Stock Exchange (NYSE) will be sold by German company Boerse. The New York Stock Exchange has long been the icon and representative of capitalism in America, but it seems that this will soon change.
It is undoubtedly true that "NYSE is one of the most preeminent brands in the financial industry." This is why the NYSE is such a desirable asset and why such a big deal was successfully carried out.
However, Americans might maintain a good brand such as NYSE by themselves. Nonetheless the deal has yet to be completed and we must wait until the Securities and Exchange Commission and the Department of Justice sign off on the transaction.
As globalization advances, more transactions like this one will take place worldwide. More big businesses will merge, more capital will flow internationally, and more people will move from one country to another country.
(Post by Jooho)
This comes as no surprise that it would be a German company merging with the NYSE. The economic growth in Germany has been high in recent years and is one of the pillars keeping the EU afloat.
ReplyDeleteIt should be interesting what the finalized decisions are for the merger