EU Clears ICE's $8.2B Acquisition Of NYSE Euronext

Law360, New York (June 24, 2013, 2:14 PM EDT) -- The European Commission on Monday gave its unconditional support to IntercontinentalExchange Inc.'s $8.2 billion acquisition of New York Stock Exchange parent company NYSE Euronext Inc., ruling that the two exchanges are not direct competitors.

The approval removes one of the final hurdles for the blockbuster exchange merger, which was first announced in December. Atlanta-based ICE now needs U.S. regulatory approval to complete the deal, which received overwhelming support in an NYSE Euronext shareholder vote on June 3.

The European Commission said it examined the effect of...
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