NYSE Euronext has agreed to acquire the American Stock Exchange (AMEX) for $260 million in stock. The deal will boost NYSE Euronext’s options business and exchange traded funds (ETFs). As part of the deal NYSE Euronext will get the old AMEX building where it can grow its options business. Recently, all the exchanges worldwide have embarked on a consolidation spree to expand into new markets and NYX is leading the pact. NYSE Euronext said the deal will realize “annualized run rate cost synergies” of over $100 million within two years of closing.

With the recent pullback…it might be time to back up the truck!

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