A top US lawmaker on Sunday said he was told that officials at NYSE Euronext, in talks to be acquired by larger rival Deutsche Boerse, will have management control of the exchanges company if they merge. US Senator Charles Schumer, the senior senator from New York and a leader among Senate Democrats, told reporters he met with Chief Executive Duncan Niederauer on Friday and Saturday.
Though he reserves judgement until a final deal is announced, Schumer said there are "a number of things to like" about the proposed deal.
Among them, "It will give managerial control of the new operation to the team from NYSE, with Mr. Niederauer installed as the new CEO," Schumer said in a prepared statement. He also noted that NYSE and Deutsche Boerse would be equally represented on the board of directors.
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