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US: NYSE buyout cleared by SEC

 |  August 16, 2013

The US Securities and Exchange Commission announced Friday it has given clearance for IntercontinentalExchange to acquire NYSE Euronext in what the two parties assure will create the world’s “premier global exchange operator.” The merger is set at $8.2 billion. The European Commission cleared the deal last June. The merger, if successful, would allow NYSE Euronext to move past it’s last merger attempt, which ended in failure when European officials rejected the deal that would have combined NYSE Euronext with Germany’s Deutsche Boerse.

Full Content: Economic Times

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