Financial experts in Atlanta have suggested that despite the various domestic and foreign regulation that will weigh-in, IntercontinentalExchange Inc’s plans to buy the New York Stock Exchange Euronext Inc. are likely to be approved. IntercontinentalExchange has offered to buy the NYSE for $8.2 billion, and has submitted the deal to the Securities and Exchange Commission. The deal will also be subject to European Commission review in July. Japan, Brazil, Hong Kong and other regulators will also need to analyze the deal, say reports. In the US, both the Federal Trade Commission and the US Department of Justice will need to sign-off their approvals. More than a year ago, the DOJ threatened to block a previous offer by ICE – which teamed up with NYSE rival Nasdaq OMX Group – to buy NYSE Euronext, which is a multinational financial services firm. The European Commission simultaneously blocked NYSE’s attempt to merge with Deutsche Boerse of Europe.
Full Content: Global Atlanta
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