CME Group announced it has secured approval from the US antitrust regulator for its US$5.5 billion takeover of Michael Spencer’s NEX Group, moving the world’s biggest derivative exchange closer to securing a new avenue of growth, reported the Financial Times.
The US Department of Justice’s clearance, along with earlier approvals from other regulators in the United States, Germany, Italy, and Sweden, means that CME Group now has six approvals, with just the UK remaining. The exchange operator stated it was optimistic that it would win it soon.
If completed CME, the world’s largest futures exchange operator, will also be the dominant player in the US$500 billion a day market for US government debt.
The deal is now awaiting a formal ruling from the UK’s antitrust authorities, which is due on November 8.
Featured News
Canada Investigates Major Grocers for Anticompetitive Practices
May 26, 2024 by
CPI
John Hess Scrambles to Secure Shareholder Approval for $53 Billion Chevron Merger
May 26, 2024 by
CPI
Petrobras Retains Refineries and Gas Pipeline in CADE’s Landmark Reversal
May 26, 2024 by
CPI
Meta Proposes New Data Limits on Facebook Marketplace in UK Amid CMA Oversight
May 26, 2024 by
CPI
EU Industry Chief Calls for Unified Tech Regulations Between US and Europe
May 26, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI