omniture

Atticus Capital Voices Support for Euronext; Will Vote in Favor of Merger with NYSE Group

2006-12-19 09:43 3674

NEW YORK, Dec. 19 /Xinhua-PRNewswire/ -- Atticus Capital LP, the largest

shareholder of Euronext, today announced that it intends to fully support

Euronext’s imminent merger with the NYSE Group. Timothy Barakett, Chairman

and CEO of Atticus, commented, "We believe that NYSE Euronext will be the

clear leader in the global exchange space, with the largest market

capitalization and daily value traded, as well as the highest number and

capitalization of listed companies."

David Slager, Vice Chairman of Atticus, added, "This transaction will

transform a European leader into a truly global champion, with shareholders,

users, listed companies and the city of Paris all benefiting from its

transformation."

Shareholders will be rewarded by both the growth outlook and cost savings

of the combined business. Users will benefit from deeper and more liquid

markets, covering more listed companies and potential fee reductions in the

cash equities market. Listed companies will gain more listing options, a

more global distribution platform through which to reach investors, and

better visibility through the NYSE’s premier brand.

Paris will be changed from a strong continental capital market to one of

the premier global centers of capital-raising. With a renewed competitiveness

in attracting listings vis-a-vis London, we believe Paris will benefit from

an influx of banking, investment, and related jobs. We believe that these

benefits will be further magnified as a result of the NYSE Group’s plans to

utilize Paris as the hub of potential future global expansion and alliances.

We applaud Mssrs. Hessels and Theodore, and the entire Euronext

management team on their thoughtful and strategic guidance, which has made

this combination possible.

About Atticus Capital LP

Atticus Capital, LP, is a leading asset management firm, with more than

$13.5 billion of assets under management. Founded by Timothy Barakett in

1995, the firm is headquartered in New York with an office in London.

Atticus invests in global securities markets on behalf of major institutions,

endowments, pension funds, and private investors. Timothy Barakett, Chairman

and CEO, and David Slager, Vice Chairman, lead the firm’s portfolio

management team. Nathaniel Rothschild, Co-Chairman, and Matthew Edmonds,

President, also sit on the firm’s management committee.

Source: Atticus Capital LP
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