Free Site Registration

At Deadline

Traders Magazine, April 2001

Editorial Staff

Amex Sale

*American Stock Exchange officials say recent published reports are wrong. "There is no possible sale of the American Stock Exchange," said Amex spokesman Robert Rendine. In fact, the Amex sent a memo to its members indicating it was not on the auction block right after an article in the Wall Street Journal talked about a potential sale. However, the 90-year-old exchange will definitely be spun off from its parent, the National Association of Securities Dealers. "Within a year we will make a decision on what the ultimate separation strategy will be," Rendine said. "Whether it's an IPO, to buy somebody, to merge with somebody, all options are open."

Get access to this article and thousands more...

All articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?