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EU: Commission examining $8.2B stock exchange buyout

By  |  April 24, 2013
EU: Commission examining $8.2B stock exchange buyout

IntercontinentalExchange Inc’s bid for NYSE Euronext will now be reviewed by the European Commission to determine whether the deal is inline with EU antitrust law. The acquisition, offered at $8.2 billion, will place control of Europe’s second-largest derivatives market, Liffe, in ICE hands; it’s a move that will pit the company against rivals CME and Nasdaq OMX Group. Last year, ICE’s initial bid for NYSE failed. Earlier this year, the conglomerate requested that the European Commission review the deal as opposed to leaving the decision up to Portugal, Spain and Britain authorities.

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    Full Content: The Economic Times

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