Deutsche Boerse, NYSE Euronext Tie-Up On Track For EU OK By Year-End - NYSE Official
19 Ottobre 2011 - 7:32PM
Dow Jones News
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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