Evidences from the Recent History

Abstract

The aim of this chapter is to analyse the stock exchange integration in a comprehensive manner from a theoretical point of view. Among the particular benefits offered by the content, there are 9 case study analyses of successful integration projects in Europe, North America, Latina America and intercontinental cross-border mergers. Furthermore, the analysis of recent failed attempts is provided to highlight the factors that can even block international M&A projects. In fact, strong differences between various international stock exchange markets, generally, have important consequences for the stock exchange industry, introducing an element of uncertainty into international scenarios. However, the consolidation process stepped over the national frontiers and continents, where intercontinental cross-border mergers became the normal way of doing business for many market operators worldwide.