Nyfix (Nasdaq:NYFX), a leading provider of innovative solutions that optimize trading efficiency, announced that its stockholders have voted to approve the proposed acquisition of Nyfix by Nyse Technologies, a subsidiary of Nyse Euronext (NYX), at a special meeting of Nyfix stockholders held earlier today.
The proposal was approved with approximately 98 percent of the votes cast by NYFIX stockholders voting in favor of the acquisition.
The transaction is currently expected to close in the fourth quarter of 2009, subject to the satisfaction of certain customary conditions. At the close of the transaction, NYFIX stockholders will receive $1.675 in cash, without interest, for each share of NYFIX common stock.
"We are pleased with the approval vote, which allows us to proceed with a transaction that represents substantial value for NYFIX stockholders and will provide tremendous benefits to our clients by combining two of the industry's leading trading communities," said Howard Edelstein, chief executive officer of NYFIX. "I also want to thank our employees for all their hard work, especially over the past few years."
During that period, NYFIX overhauled its financial and technology infrastructure and substantially grew its FIX trading community, which was originally launched in 1997.