Stock Exchange shakes up corporate structure

The Irish Stock Exchange is to convert to a company limited by shares, with the planned move happening either in late 2005 or early 2006.

The move will pave the way for the Irish exchange to become a takeover candidate in the long-awaited consolidation process of European bourses.

It will also give the company's current 20 plus members an opportunity to realise the value of their stakes.

In a separate move, the stock ...