Traders Magazine, April 2001
*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."
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