Deutsche Boerse AG's board of directors endorsed plans to offer European regulators concessions as a way to smooth the $9 billion takeover of NYSE Euronext , two sources familiar with the meeting said on Monday. Deutsche Boerse's management board, headed by Chief Executive Reto Francioni, on Monday informed the supervisory board about ways to address concerns by European Union anti-trust regulators, the two sources said.Deutsche Boerse and NYSE face an in-depth antitrust review of the deal that would create the world's largest exchange operator.The European Commission, set to give its ruling on the takeover of NYSE Euronext by year-end, has signaled it would not consider the over-the-counter derivatives market, when it assesses the antitrust implications of the $9 billion deal, Reuters reported last month.This could make it harder for Deutsche Boerse to make the case that its combination with NYSE will not lead to dominance in derivatives, which could fuel competition concerns and potentially force the companies to offer significant concessions in return for regulatory clearance.
NYSE Euronext is a global operator of financial markets and provider of trading technologies. Shares of NYX fell by 2.78% or $-0.77/share to $26.96. In the past year, the shares have traded as low as $23.24 and as high as $41.60. On average, 3952490 shares of NYX exchange hands on a given day and today's volume is recorded at 1894651.
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