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Article: NASDAQ-AMEX: The NASD and Philadelphia Stock Exchange terminate merger discussions.
- Article from:
- M2 Presswire
- Article date:
- April 26, 1999
CopyrightCOPYRIGHT 1999 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-26 April 1999-NASDAQ-AMEX: The NASD and Philadelphia Stock Exchange terminate merger discussions (C)1994-99 M2 COMMUNICATIONS LTD
RDATE:220499
New York, NY -- The National Association of Securities Dealers, Inc. (NASD), and the Philadelphia Stock Exchange (PHLX) today announced that they have ended discussions concerning a possible combination. Under the proposed combination, the options business of the Philadelphia Stock Exchange would have been incorporated into the American Stock Exchange (Amex) options market while the PHLX equities business would have continued as a separate market and subsidiary of the Amex.
After months of ...