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"Time Kills Deals" - Euronext CEO on How He Fought a Mega-Merger

CNBC International • 2026-05-27T07:36:42Z • 1:39:00 • advanced • Business

Lead

In a bold move, Euronext's CEO Stéphane Boujnah shares how he took on a mega-merger that threatened his company, revealing the strategies that led to its collapse.

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Quiz

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Q1. What was Stéphane Boujnah's main goal regarding the merger between Deutsche Boerse and LSE?

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Q2. Who did Boujnah meet with multiple times to discuss the merger?

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Q3. What did Boujnah do to create opposition against the merger?

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Q4. What was one of the reasons the merger ultimately collapsed?

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Q5. How did Boujnah's approach differ from the advice he received from others?

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Vocabulary

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transaction

/trænˈzækʃən/

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Definition

An instance of buying or selling something; a business deal.

Example

The transaction was completed smoothly, with both parties satisfied.

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aggressive

/əˈɡrɛsɪv/

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Definition

Ready or likely to attack or confront; characterized by bold or forceful behavior.

Example

His aggressive approach to negotiations surprised everyone at the table.

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derail

/dɪˈreɪl/

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Definition

To obstruct or prevent the progress of something.

Example

They tried to derail the project by raising unnecessary concerns.

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dynamic

/daɪˈnæmɪk/

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Definition

Characterized by constant change, activity, or progress.

Example

The economic dynamic of the region has shifted dramatically in recent years.

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commissioner

/kəˈmɪʃənər/

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Definition

An official in charge of a particular department or activity, often in government.

Example

The commissioner addressed the public about the new regulations.

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collapse

/kəˈlæps/

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Definition

To fall down or give way suddenly; to fail suddenly.

Example

The building began to collapse after the earthquake struck.

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