Deutsche Börse gives up on Euronext

The German stock exchange, Deutsche Börse, has abandoned its attempts to take over Euronext – which includes the Amsterdam Stock Exchange. By pulling out, Deutsche Börse opens the way for a friendly bid from the New York Stock Exchange, which is backed by Euronext.

In a statement, the German exchange said it believed it wouldn’t have been able to reach an agreement on its deal because Euronext declined to talk.

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