NYSE and German Stock Exchange Merge

It’s a deal: Deutsche Börse and the New York Stock Exchange announced Tuesday that they plan to merge, creating the world’s largest exchange, listing thousands of stocks. Under the terms of the deal, Deutsche Börse shareholders will own 60 percent of the company—which will be headquartered in New York but incorporated in the Netherlands—and NYSE shareholders will own the rest. While the companies say the deal creates a juggernaut, some American politicians and business leaders have wrung their hands over it, saying it represents the decline of U.S. business.