NYX Nyse Euronext

Deutsche Boerse AG (DB1.XE) and NYSE Euronext's (NYX) planned tie-up is on track to receive the European Union's approval by year-end, a NYSE Euronext official told Dow Jones Newswires on Wednesday.

The European Commission, the executive arm of the European Union, which has to assess whether the deal is or isn't compatible with EU antitrust rules, has set a provisional Dec. 13 deadline for the verdict.

The commission will hold a formal oral hearing on the proposed tie-up on Oct. 27, another person familiar with the matter told Dow Jones Newswires on Wednesday. That is in line with a recent comment by Duncan Niederauer, chief executive of NYSE Euronext and slated chief executive of the merged entity, that the merger partners are likely to request an open hearing to be held later this month as part of their response to the EU's statement of objections to the deal.

The second person familiar with the matter also said Deutsche Boerse and NYSE Euronext have returned a redacted version of the commission's formal statement of objections to the commission. Both parties had received the statement on Oct. 5.

-By Ulrike Dauer and Matt Dalton, Dow Jones Newswires; +49 69 29725 500; ulrike.dauer@dowjones.com

(Jacob Bunge in Chicago contributed to this article.)

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