{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Germany\u0026#39;s Deutsche Boerse in talks to buy US options exchange, ISE' data-url='/boclips/videos/5c54c395d8eafeecae16255e' data-video-url='/boclips/videos/5c54c395d8eafeecae16255e' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nGermany\u0026#39;s Deutsche Boerse in talks to buy US options exchange, ISE\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003e1. Wide of Waldorf Astoria Hotel 2. Wide pan of news conference3. SOUNDBITE: (German) Andreas Preuss, Chief Executive Officer of Eurex +++NON-VERBATIM TRANSLATION +++:  \"It's a merger of two successful exchanges. ISE is number one in the...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. Wide of Waldorf Astoria Hotel \u003cbr/\u003e2. Wide pan of news conference\u003cbr/\u003e3. SOUNDBITE: (German) Andreas Preuss, Chief Executive Officer of Eurex +++NON-VERBATIM TRANSLATION +++:  \u003cbr/\u003e\"It's a merger of two successful exchanges. ISE is number one in the market, Eurex is number one in Europe. They have the same business culture which helped make this deal happen.\"  \u003cbr/\u003e4. Mid of David Krell (right), president and Chief Executive Officer of ISE (International Securities Exchange) and Preuss shaking hands\u003cbr/\u003e5. Close up of handshake\u003cbr/\u003e6. SOUNDBITE: (German) Andreas Preuss, CEO of Eurex +++NON-VERBATIM TRANSLATION +++:  \u003cbr/\u003e\"I want to concentrate on what we've done today. It's a merger about the two biggest derivatives markets and now they are able to cover many time zones in Europe and the US.\"\u003cbr/\u003e7. Mid of Krell, Preuss, and Gary Katz, chief of operations for ISE, sitting on panel\u003cbr/\u003e8. Reporters reading information\u003cbr/\u003e9. SOUNDBITE: (English) David Krell, President and Chief Executive Officer of ISE:\u003cbr/\u003e\"We will also move toward a programme of retention for our staff and that's just part of our overall thinking about making sure that the team stays together.\"\u003cbr/\u003e10. Wide shot of news conference\u003cbr/\u003eTwo giants of derivatives trading, the US International Securities Exchange (ISE) and German-based Eurex announced their merger on Tuesday in New York City. \u003cbr/\u003eEurex will offer 67.50 US dollars per share for ISE stock in a deal worth 2.8 billion (b) US dollars. That represents a nearly 48 percent premium for shareholders over Friday's closing ISE price.\u003cbr/\u003eDeutsche Boerse, which co-owns Eurex with the Swiss Stock Exchange SWX, will finance the merger through a combination of cash and debt. \u003cbr/\u003eThe acquisition would make Deutsche Boerse a major player in the US options trading business, since ISE is the largest options market in the US for individual stocks, including stock-index options.\u003cbr/\u003eWith consolidation sweeping the industry, Deutsche Boerse has been on the lookout for possible partnerships after it lost out to the NYSE Group in a bid to acquire European exchange operator Euronext and had two offers for the London Stock Exchange rebuffed.\u003cbr/\u003eEurex will acquire a controlling share of ISE with 50 percent plus one share of ISE's stock. \u003cbr/\u003eThe merger was made possible by the companies' similar business culture, said Andreas Preuss, Chief Executive Officer of Eurex.\u003cbr/\u003e\"It's a merger of two successful exchanges. ISE is number one in the market, Eurex is number one in Europe. They have the same business culture which helped make this deal happen,\" he said.\u003cbr/\u003ePreuss said one of the objectives of the merger was to allow the companies to join together to cover more timezones across the globe, \u003cbr/\u003e\"It's a merger about the two biggest derivatives markets and now they are able to cover many time zones in Europe and the US,\" he said.\u003cbr/\u003eDavid Krell, president and CEO of ISE, said there were no planned redundancies at management level or otherwise.\u003cbr/\u003e\"We will also move toward a programme of retention for our staff and that's just part of our overall thinking about making sure that the team stays together,\" he said. \u003cbr/\u003eISE and Eurex began talks about a merger about a year ago according to Krell. \u003cbr/\u003eThe merger which is expected to take place in the fourth quarter of 2007, still needs SEC (Securies and Exchange Commission) and shareholder approval, both of which are expected. \u003cbr/\u003eA derivative is a financial instrument whose characteristics and value depend upon the characteristics and value of an underlier, typically a commodity, bond, equity, or currency.\u003cbr/\u003eISE shares rose 20.81 US dollars, or 45.6 percent, to 66.52 US dollars in afternoon trading on the New York Stock Exchange.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details 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