EU blocks merger of New York Stock Exchange with Deutsche Boerse

posted by
February 1, 2012
USA Today    
Posted in News

"The European Union on Wednesday blocked the Deutsche Boerse's planned merger with NYSE Euronext(NYX), a $10 billion deal that would have created the world's largest financial exchange operator. The European Commission, the EU's executive body, said it was ruling against the merger because the combined exchange would have controlled more than 90% of the trading in European derivatives -- complex but highly profitable financial products that allow investors to bet on changes in interest rates or the price of oil." (02/01/12)  

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