Euronext shareholders set to vote on merger with New York Stock Exchange

Euronext shareholders set to vote on merger with New York Stock Exchange

The shareholders in Euronext are due to approve a $14 billion deal to merge the company with the New York Stock Exchange.

If the deal goes through, it would create the first trans-Atlantic bourse.

The approval from the shareholders would remove the first major hurdle in this deal. Stock exchanges around the world are trying to consolidate as they aim to cut costs and offer better services to their customers.

US based NASDAQ is also trying to get a similar deal done with London Stock Exchange.

NYSE shareholders are also due to vote on this deal on Wednesday. They are likely to approve the deal as it would help the company to diversify its product base and geographic reach.