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Deutsche, NYSE $9.4B Merger Gets U.S. Nod
Deutsche Börse and NYSE Euronext have received approval from the Committee on Foreign Investment in the U.S. for their planned merger.
Deutsche Börse and NYSE Euronext have received approval from the Committee on Foreign Investment in the U.S. (CFIUS) for their planned merger, Financial Times reports. The CFIUS reviewed the firms’ $9.4 billion merger and did not find any national security grounds to oppose the deal.
The firms expect a decision from the European Commission by December 13. The deal has already been backed by shareholders of both the firms. Banks, inter-dealer brokers and exchanges, such as the London Stock Exchange, opposed the deal, saying that the combination of the derivatives trading platforms of Deutsche Börse and NYSE will end competition in Europe.
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