NYSE Euronext (NYX) announced today it has entered into a definitive agreement to acquire, through NYSE Technologies, Inc., its indirect, wholly-owned subsidiary, NYFIX, Inc. (Nasdaq: NYFX), a leading provider of innovative solutions that optimize trading efficiency, in an all-cash deal for $1.675 per share of common stock. The total value of the deal is approximately $144 million, including preferred stock consideration. The NYSE Euronext, NYSE Technologies and NYFIX Boards of Directors have approved the acquisition, which is subject to approval by NYFIX shareholders and customary regulatory approvals. The transaction is expected to close in the fourth quarter of 2009 and to be accretive to NYSE Euronext 2010 earnings, excluding one-time deal and restructuring costs.
The stock is currently trading at $1.64 moved up about 91% on over 8.25 million shares. In the last 52-week, the stock has been trading within a range of $0.40-$3.75.
About NYFIX, Inc. (NYFIX)
NYFIX, Inc. (NYFIX) provides electronic trading services, including trading workstations, trade messaging software, and trade messaging services. In addition, the Company's registered broker-dealer subsidiaries also provide automated trade execution services to institutional counterparties and operate a matched-book stock borrow/stock loan business. NYFIX has three principal operating divisions: Financial Information eXchange (FIX), Transaction Services, and Order Management Systems (OMS).
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