Friday, April 13, 2007

UPDATE 1-ICE cuts about 60 NYBOT staff after merger

(Reuters) - The Atlanta-based electronic energy derivatives marketplace acquired NYBOT in January and launched side-by-side electronic trading of its agricultural commodities in early February.

"When the acquisition of NYBOT was announced, head-count reductions were included in the synergies, as well as the costs of generous severance packages," spokeswoman Kelly Loeffler stated in an e-mail.


Read more at Reuters.com Mergers News

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