NYSE Won't Fight EU Over Nixed $10B Deutsche Boerse Deal

Law360, New York (March 22, 2012, 3:28 PM EDT) -- NYSE Euronext Inc. will not join Deutsche Boerse AG's legal challenge to the European Commission's decision blocking the companies' $9.7 billion merger over competition worries, it said Thursday.

New York-based NYSE Euronext said that while it maintains that the decision was based on an incorrect determination of the relevant market definition, it does not think a protracted appeal would best serve the company.

“We remain convinced of the original rationale for the proposed combination and the many benefits it would have created for the industry, our...
To view the full article, register now.