Deutsche Borse joins forces with Milan stock exchange for takeover of Euronext (Frankfurt spielt die Europakarte).

(From Handelsblatt)

Deutsche Borse, the operator of the main German stock exchange in Frankfurt, is reported to be planning to sign an agreement soon with Borsa Italiana, the operator of the Milan stock exchange, regarding a joint takeover bid for Euronext, the European international exchange operator. The aim of the plan is to prevent Euronext from being taken over by the New York Stock Exchange (NYSE). Analysts estimate that Deutsche Borse and NYSE are each currently offering around 75 euros per share in Euronext in cash and shares, although NYSE's offer is thought to be slightly higher. Deutsche Borse and Borsa Italiana are expected …