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Trouble for NYSE, D. Boerse deal

Wednesday, January 11, 2012 - 00:58

Jan 10 - European anti-competitive regulators are prepared to block the $9 billion merger of Germany's Deutsche Boerse and NYSE Euronext. Conway G. Gittens reports.

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It could be the end of the road for the high-stakes merger planned between the New York Stock Exchange and Germany's Deutsche Boerse. According to the Financial Times online edition - the head of the European Commission's anti-trust division has told the two exchanges that he will block their $9 billion deal. Asked to comment on the report, an EC spokesman would only say a final decision is not expected until February 9. Representatives for both exchanges said they have not been notified of any decision. The $9 billion pact was part of a wave of head-turning merger announcements in the global exchanges market early last year, but this deal has faced intense scrutiny by regulators and politicians right from the start. Conway Gittens, Reuters

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Trouble for NYSE, D. Boerse deal

Wednesday, January 11, 2012 - 00:58