NYX Nyse Euronext

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 biggest U.S. regulatory hurdle to Nasdaq OMX's proposal is the prospect of combining nearly all U.S. share listings under a single parent. Nasdaq OMX and NYSE Euronext compete intensely to lure U.S. companies to their markets, but Nasdaq OMX has argued that the U.S. would be in a stronger position globally if it boasted a unified platform for capital raising.

The Justice Department's "second request" for information was widely expected. It 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 the ICE-Nasdaq approach keeps pace with the Big Board's agreed deal to merge with Deutsche Boerse AG (DB1.XE, DBOEF).

European and U.S. authorities are already looking over that deal, announced in mid-February.

"We're encouraged by the DOJ's desire to fast track the process so that it is reviewed in a timely fashion giving shareholders time to judge our superior proposal on its merits," a spokesman for Nasdaq OMX said Monday.

A Justice Department spokeswoman said its investigation was ongoing and declined to comment further. A representative for NYSE Euronext declined comment.

Nasdaq OMX Chief Executive Robert Griefeld in mid-April estimated that the exchange would get guidance from the Justice Department within six or seven weeks.

NYSE Euronext shareholders are slated to vote on the Deutsche Boerse combination on July 7.

-By Jacob Bunge, Dow Jones Newswires; 312-750-4117; jacob.bunge@dowjones.com

--Aaron Lucchetti and Thomas Catan of the Wall Street Journal contributed to this article.

Grafico Azioni NYSE Group (NYSE:NYX)
Storico
Da Giu 2024 a Lug 2024

Grafico Azioni NYSE Group (NYSE:NYX)
Storico
Da Lug 2023 a Lug 2024