March 5, 2018 / 7:30 PM / 18 days ago

Chicago Stock Exchange and investor group end merger agreement

NEW YORK (Reuters) - The Chicago Stock Exchange on Monday said it formally terminated its merger agreement with a consortium led by China-based investors following the U.S. Securities and Exchange Commission’s Feb. 15 decision to block the deal.

The mutual agreement ended a two-year battle to gain regulatory approval for the sale, which underscored the more hostile environment facing Chinese buyers under the administration of U.S. President Donald Trump.

Reporting by John McCrank; Editing by Phil Berlowitz

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