Deutsche Boerse, NYSE Promise More Merger Concessions

Law360, New York (December 13, 2011, 6:10 PM EST) -- Deutsche Boerse AG and NYSE Euronext will divest more assets to make the stock exchanges' proposed $9.7 billion merger palatable to the European Commission's antitrust arm, the companies said Tuesday.

"The revisions are designed to reflect the European Commission’s feedback on the initial proposal, and thereby fully address the commission’s remaining concerns while preserving the industrial and economic logic of the merger," Deutsche Boerse and NYSE Euronext said in a joint statement.

Controversy has surrounded the deal since it was first announced in February, with regulators...
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.