Law360, New York (February 02, 2012, 2:39 PM ET) -- NYSE Euronext and Deutsche Boerse AG have formally agreed to kill their proposed $9.7 billion merger in the wake of the European Commission's decision this week to block the combination because of competition worries, NYSE Euronext announced Thursday.
The EC said Wednesday that the tie-up would create a quasi-monopoly over the global trading of European financial derivatives. In light of the prohibition, the companies had been in talks to terminate their merger agreement, NYSE said Wednesday.
In a statement Wednesday, Jan-Michiel Hessels, NYSE Euronext's chairman, touted...
NYSE, Deutsche Boerse Officially End Merger Deal
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