NYSE Euronext Sees $580 Million+ Cost Savings in Deutsche Boerse Deal (NYX)

NYSE Euronext NYX sees potential cost savings in excess of $580 million in a potential merger deal with Deautsche Boerse, the company said Sunday. NYSE Euronext is eyeing savings in a $9.8 billion deal with Deutsche Boerse at closer to 400 million euros, or about $583 million. Further, NYSE CEO Duncan Niederauer sees the largest NYSE and Deutsche Boerse clients saving at least $3 billion from the combination of their European derivatives platforms, according to spokesman Richard Adamonis. According to a Bloomberg report, "Nasdaq OMX NDAQ Chief Executive Officer Robert Greifeld and ICE ICE CEO Jeffrey Sprecher have said they are meeting with NYSE Euronext (NYX) shareholders as they try to head off the $9.53 billion Deutsche Boerse agreement. Their offer, valued at $42.83 per NYSE Euronext share on April 21, is priced about 14 percent higher than the bid from Deutsche Boerse." NYSE Spokesman Adamonis was confirming earlier comments made by Niederauer in an interview with the Financial Times. NYSE's board rejected the Nasdaq/ICE bid for the second time in 11 days last week. The unsolicited bid has been largely ignored as risky by NYSE leadership. NYSE Euronext is a global operator of financial markets and provider of trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. Shares of NYSE Euronext closed lower by $0.05 on Friday, to $39.03.