International Securities Exchange Merger Hopes

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By Douglas A. McIntyre Published

International Securities Exchange (ISE-NYSE), the options and stock trading platform operator, is seeing shares surge on reports of a $68.00 bid being considered by Germany’s Deutsche Boerse.  The WSJ has reported that the companies are in advanced talks and shares are up more than 35% pre-market at nearly $63.00.

ISE’s 52-week trading range is $33.33 to $57.44.  This is the sort of issue that drives more and more talk and speculation in an already-consolidating industry.  Intercontinental Exchange (ICE-NYSE) is trading up 2.7% at $130.00 pre-market.  NYMEX Holdings (NMX-NYSE) is trading up 1.7% at $131.99.  NASDAQ Stock Market (NDAQ) is trading up 1% at $33.25.

The street is treating this one like it’s already done, and based on how the stock is doing there may now not be much choice on the receiving end of any deal.

Jon C. Ogg
April 30, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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