NYSE, Deutsche Boerse Propose Merger Concessions

Law360, New York (November 18, 2011, 2:23 PM EST) -- NYSE Euronext and Deutsche Boerse AG would divest certain overlapping businesses and grant third-party access to a derivatives clearing service under a proposal to quell the European Commission's competition objections over their planned $9.7 billion merger, the exchanges said Friday.

The exchanges said their proposed remedies should resolve EC concerns in derivatives trading and clearing while “preserving the compelling industrial logic of the transaction.”

“Deutsche Boerse and NYSE Euronext continue to believe that the transaction will have no detrimental effect on competition, but rather will enhance...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.