The Depository Trust & Clearing Corporation (DTCC) and Netherlands-based equities clearing house, European Multilateral Clearing Facility (EMCF), have ended merger talks, Financial News reports. DTCC sought to acquire a controlling stake in EMCF from the company’s majority shareholder, ABN AMRO. The deal fell through as the two parties could not agree on the price of EMCF, which ABN AMRO initially valued at more than €100 million. Exact financial terms of the proposed deal were not disclosed. The Dutch bank holds a 78% stake in the European clearing outfit with the rest owned by NASDAQ OMX.
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