A German supervisor approved Boerse AG's (DB1Gn.DE) planned $9 billion takeover of NYSE Euronext (NYX.N), the companies said on Monday, marking another step toward sealing the deal just as talks with European authorities intensify. Germany's Financial Supervisory Authority (BaFin) cleared another hurdle in the process, which is still expected to be completed by the end of this year. "With BaFin's decision, the merger has reached an important regulatory milestone in Germany," the Frankfurt exchange operator said, adding it still needed approval from EU competition authorities, as well as from exchange supervisory authorities. The approval comes days after Reuters reported the European Commission would not impose serious antitrust restrictions on the takeover because, according to sources, its regulatory and antitrust arms had struck a deal.
NYSE Euronext is a global operator of financial markets and provider of trading technologies. Shares of NYX fell by 0.97% or $-0.25/share to $25.42. In the past year, the shares have traded as low as $24.62 and as high as $41.60. On average, 4008680 shares of NYX exchange hands on a given day and today's volume is recorded at 4995454.
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