NYSE Technologies buys Nyfix in $144 million all-cash transaction

By Lisa Kerner

Charlotte, N.C., Nov. 30 - NYSE Technologies, Inc., an NYSE Euronext, Inc. subsidiary, completed its acquisition of Nyfix, Inc., it was announced on Monday.

Nyfix shares have ceased trading and are being delisted from the Nasdaq Capital Market, according to a form 8-K filed with the Securities and Exchange Commission.

As previously reported, NYSE Euronext agreed to acquire Nyfix in an all-cash deal valued at approximately $144 million, including preferred stock consideration.

Nyfix shareholders received $1.675 for each share of common stock.

Each outstanding share of Nyfix series B voting convertible preferred stock was converted into the right to receive $50.134 in cash, without interest, the filing said.

Nyfix executive officers, including president and chief executive officer P. Howard Edelstein, ceased being executive officers of the company upon completion of the merger.

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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