NYSE Euronext, Deutsche Boerse Answer To EU Commission Anti Trust Concerns
18 Novembre 2011 - 9:23AM
Dow Jones News
Stock exchange operators NYSE Euronext (NYX) and Deutsche Boerse
(DB1.XE) Friday said they sent a proposal to address the anti-trust
concerns of the European Commission over the merger of both
companies.
MAIN FACTS:
- NYSE and Deutsche Boerse proposed to sell the portions of
their respective businesses in which they overlap, the market
operators said in a joint statement. "NYSE Euronext would divest
its pan-European single equity derivatives business, including
Bclear, except the options businesses in its home markets, where
Deutsche Boerse would divest its respective business," the
statement said.
- The two companies propose to grant "unprecedented" third-party
access to Eurex Clearing for derivatives product innovations.
- The two firms insisted their merger won't have negative effect
on competition.
- The proposal will extend the European Commission's review
period to Jan 23, 2012, the statement said.
-By Inti Landauro, Dow Jones Newswires; +33 1 4017 1740;
inti.landauro@dowjones.com
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