Financial Times FT.com

Deutsche Börse withdraws Euronext bid

By Ivar Simensen and Gerrit Wiesmann in Frankfurt

Published: November 14 2006 15:29 | Last updated: November 15 2006 08:50

Deutsche Börse on Wednesday confirmed that it was withdrawing its bid to merge with Euronext, leaving the Frankfurt exchange without a major partner and clearing the way for NYSE Group’s agreed bid for the Paris-based stock exchange.

The Börse launched its offer to merge with Euronext in June, after the Paris-based exchange agreed to combine with NYSE . Euronext plans to put the bid from the NYSE to a shareholder vote at or shortly after its annual meeting in December.

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