SEC Approves NYSE Euronext, Deutsche Boerse Merger

Law360, New York (January 18, 2012, 10:25 PM EST) -- The U.S. Securities and Exchange Commission on Wednesday approved the proposed $9.7 billion merger of NYSE Euronext and Deutsche Boerse AG, a day after a European advisory committee supported a ban on the deal.

The stock exchange giants still await approval from the European Commission, which is expected to be a more challenging feat, as European competition commissioner Joaquin Almunia recommended the deal be banned earlier in the month.

The SEC's decision Wednesday gave the go-ahead for a series of proposed rule changes surrounding NYSE Euronext's...
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