NYSE parent in talks to buy Amex
From Times Wire Services
Another stock exchange merger may be brewing: NYSE Euronext Inc., parent of the New York Stock Exchange, is in talks to acquire the smaller American Stock Exchange, the Wall Street Journal reported on its website.
The Amex has struggled for years to retain stock listings and trading business in “put” and “call” options on stocks. Once owned by the Nasdaq Stock Market, the Amex has been independent since 2004.
Officials from NYSE Euronext declined to comment. Amex officials didn’t respond to calls.
