DOJ Drops Exchange Merger Suit Due To Dead Deal

Law360, New York (February 9, 2012, 9:46 PM EST) -- The U.S. Department of Justice on Thursday dismissed its antitrust lawsuit and proposed settlement with Deutsche Boerse AG and NYSE Euronext over their proposed $9.7 billion merger, after the stock exchange giants formally agreed to kill the deal last week.

The DOJ said that since the deal is now dead, the suit and settlement were no longer necessary.

NYSE Euronext announced Feb. 2 that the exchanges had agreed to pull the plug on their proposed merger after the European Commission moved to block the deal because...
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