NYSE Won't Fight EU Over Nixed $10B Deutsche Boerse Deal

Law360, New York (March 22, 2012, 3:28 PM EDT) -- NYSE Euronext Inc. will not join Deutsche Boerse AG's legal challenge to the European Commission's decision blocking the companies' $9.7 billion merger over competition worries, it said Thursday.

New York-based NYSE Euronext said that while it maintains that the decision was based on an incorrect determination of the relevant market definition, it does not think a protracted appeal would best serve the company.

“We remain convinced of the original rationale for the proposed combination and the many benefits it would have created for the industry, our...
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