EU's Almunia Vows Hard-Line On Mergers As Needed

Law360, New York (February 2, 2012, 4:05 PM EST) -- The European Union's antitrust chief promised Thursday to continue to stop any deals that threatened competition a day after blocking NYSE Euronext's $9.7 billion merger with Deutsche Boerse.

The European Commission could not reach a deal with the two exchanges despite working for months to come up with a solution that would eliminate the proposed behemoth's near monopoly over global trading of European financial derivatives, Competition Commissioner Joaquin Almunia told participants at the bloc's competition conference.

"It is not usual that we prohibit mergers. Since I...
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