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US: First hurdle cleared for NY stock exchange takeover

By  |  February 19, 2013

The Federal Trade Commission and the Department of Justice have reportedly not raised any objections to the proposed $8.2 billion takeover of New York Stock Exchange Euronext by IntercontinentalExchange Inc. According to ICE, the waiting period expired February 15 without any objections raised. The approval marks the first hurdle cleared in the process, though several other authorities across the US and Europe must also approve.

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