EU Regulators Argue Against Proposed Merger With Germany's Deutsche Börse
The proposed merger of the owner of the New York Stock Exchange and Germany's Deutsche Börse headed toward collapse Tuesday after European antitrust regulators urged rejection of the deal, those good people at the Wall St Journal report.
A regulatory ruling on the deal would cap a frantic year of attempted consolidation among exchanges that has mostly been unsuccessful. Would-be partners have faced resistance based on a combination of nationalist sentiment, antitrust concerns and other pressures.
The European Union competition authority recommended that EU commissioners rule against the tie-up, according to a senior European Union official. The recommendation, which hasn't been made public, cited the potential combined power of ...
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