Philadelphia Exchange Gets New Merger Offer: The...
From Times Staff and Wire reports
Philadelphia Exchange Gets New Merger Offer: The Philadelphia Stock Exchange has been approached by the Chicago Board Options Exchange and the New York Stock Exchange to discuss the merger of their businesses, exchange chairman Barry Tague said. He said the overtures followed last month’s previously reported approach to Philadelphia by the American Stock Exchange. An Amex/Philadelphia stock options merger would create the largest U.S. stock options floor, with more than 40% of the nation’s options market.