Justice Department Seeks More Information From Nasdaq On NYSE Approach
25 Aprile 2011 - 9:42PM
Dow Jones News
The U.S. Department of Justice has asked Nasdaq OMX Group Inc.
(NDAQ) for more detail on the company's proposed takeover of NYSE
Euronext (NYX), following an additional request for information
last week.
Antitrust authorities in Washington on Friday sought "additional
information and documentary material" from Nasdaq OMX after
initially seeking such materials last Wednesday, according to a
regulatory filing by the exchange operator Monday.
The move signals progress in efforts by Nasdaq OMX and
IntercontinentalExchange Inc. (ICE), its partner in a joint
proposal to buy NYSE Euronext, to ensure that regulators' review of
Nasdaq's approach keeps pace with the Big Board's agreed deal to
merge with Deutsche Boerse AG (DB1.XE, DBOEF).
Spokesmen for Nasdaq OMX and NYSE Euronext had no immediate
comment.
-By Jacob Bunge, Dow Jones Newswires; 312-750-4117;
jacob.bunge@dowjones.com
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