December 20, 2007: Eurex and ISE complete merger
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Combination expands Eurex’s global liquidity network into the U.S. and U.S. Dollar products
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Complementary customer base and product offerings provide cross-selling and innovative product development opportunities
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Integration approach leverages strengths of both organizations while maintaining respective uniqueness to address specific market needs
The combined group is the leading transatlantic operator of derivatives marketplaces with powerful distribution capabilities in two of the world's most important capital markets. On a combined basis, Eurex and ISE will be the market leader in individual equity and equity index derivatives worldwide. Its wide range of both U. S. Dollar and Euro denominated products is unique in the market: the combination is home to the Euro zone interest rate and equity index benchmark derivatives products and offers options on all major U.S. and European companies. Currently, ISE and Eurex distribute their products to approximately 560 direct exchange members.
More information about the original deal announcement can be found below:
April 30, 2007: Eurex and ISE to Create Largest Transatlantic Derivatives Marketplace
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Eurex to offer 67.50 USD per ISE share
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Combination forms leading transatlantic derivatives marketplace
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Complementary member and product base create new growth opportunities across asset classes and national boundaries
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ISE will continue to operate as a separate SEC-regulated entity in its current governance structure and use the ISE brand
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USD 50 million in synergies identified mainly in efficiency gains and cross selling opportunities - additional benefits expected through joint product development
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Transaction immediately accretive to Deutsche Boerse's earnings per share (EPS) before transaction amortization
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Deutsche Boerse to finance its 85 percent share of the acquisition price via a mix of debt and cash
April 30, 2007 ISE/Eurex Announcement Press Release
Additional information relating to this historic merger can be found below:
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