EU Blocks $9.7B NYSE, Deutsche Boerse Merger

Law360, New York (February 1, 2012, 12:10 PM EST) -- NYSE Euronext is in talks to kill its proposed $9.7 billion merger with Deutsche Boerse following the European Commission's Wednesday announcement that it has blocked the tie-up because it would create a so-called quasi-monopoly over the global trading of European financial derivatives.

Making good on indications that the EC would prohibit the combination, Joaquin Almunia, the EC's vice president for competition policy, noted that Deutsche Borse and NYSE Euronext operate the two largest exchanges for European financial derivatives in the world, Eurex and Liffe.

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