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Nyfix shareholders advised to vote for NYSE Euronext merger on Nov. 3
By Lisa Kerner
Charlotte, N.C., Oct. 16 - RiskMetrics Group/ISS recommended that Nyfix, Inc. shareholders vote in favor of the company's acquisition by NYSE Euronext, Inc., it was announced on Friday.
Nyfix shareholders will vote on the proposed merger at a special meeting on Nov. 3.
The record date for the meeting is Sept. 18, a Nyfix news release said.
Nyfix also announced that the Hart-Scott-Rodino waiting period was terminated early on Tuesday.
As previously reported, NYSE Euronext agreed to acquire Nyfix for $1.675 per share in an all-cash deal valued at approximately $144 million, including preferred stock consideration.
Both companies' boards of directors have approved the transaction, which is slated to close in the fourth quarter of 2009.
The Nyfix business will become part of the offerings provided by NYSE Euronext's commercial technology division, NYSE Technologies.
New York-based NYSE Euronext provides securities listing, trading, market data products and software and technology services.
Nyfix, also located in New York, provides trading workstations, middle office trade automation technologies and trade messaging services.
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