GNX AND WWRE ANNOUNCE MERGER

PARIS -- GlobalNetXchange (GNX), Chicago, and the WorldWide Retail Exchange (WWRE), Alexandria, Va., the two major retailer-based trading exchanges formed in 2000 at the peak of the Internet boom, announced last week that they've agreed to merge, each company contributing $10 million to the combined entity.The announcement was made here at the ECR Europe conference.The agreement, which has been approved

PARIS -- GlobalNetXchange (GNX), Chicago, and the WorldWide Retail Exchange (WWRE), Alexandria, Va., the two major retailer-based trading exchanges formed in 2000 at the peak of the Internet boom, announced last week that they've agreed to merge, each company contributing $10 million to the combined entity.

The announcement was made here at the ECR Europe conference.

The agreement, which has been approved by the executive boards of both companies, is expected to become final

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