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.

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