EU Panel Backs NYSE, Deutsche Boerse Merger Ban

Law360, New York (January 17, 2012, 7:59 PM EST) -- European Competition Commissioner Joaquin Almunia's recommended prohibition of a proposed $9.7 billion merger between Deutsche Boerse AG and NYSE Euronext won the backing of a key advisory panel Tuesday, according to news reports.

The advisory committee, which is composed of competition officials from European Union member states, supported blocking the merger in yet another sign of regulatory trouble for the deal, the New York Times reported, adding that the committee's opinion is nonbinding.

The stock exchange giants want to create a $24 billion trading behemoth with...
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