Portfolio > “2007-09-18 13:59:21”

The German stock exchange operator Deutsche Börse said Monday that it had agreed to buy International Securities Exchange Holdings, an options exchange in New York, for $2.8 billion.

The Deutsche Börse said that it had agreed to pay $67.50 a share for the exchange, a 48 percent premium over its closing price on Friday.

The International Securities Exchange is the largest options market after the Chicago Board Options Exchange, providing an electronic market for options on stocks of individual companies.

Source: The Wall Street Journal