The European Commission has announced that it will decide on whether to allow a proposed acquisition of New York Stock Exchange operator NYSE Euronext by IntercontinentalExchange Inc. by June 24. The deal, valued at $8.2 billion, will be ICE’s second bid to buy NYSE. If cleared, ICE will take over operations of the EU’s second-largest derivatives market Liffe. According to reports, the deal would also strengthen NYSE’s stance against competitors CME, Nasdaq and Deutsche Boerse. Reports say that some experts expect the Commission to require divestments by ICE to clear the deal.
Full Content: Reuters
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