European competition authorities are ready to block the $9 billion merger of NYSE Euronext and Deutsche Boerse unless the companies agree to new asset sales, Le Monde newspaper reported on Tuesday.EU regulators met the exchanges at a meeting on Tuesday and discussed whether rivals and users felt that their proposals addressed competition concerns.If the feedback is negative, it would be up to the companies to offer more substantial concessions or run the risk of the European Commission blocking the merger.Le Monde said the authorities currently consider that the merger would lead to a duopoly on the European derivatives market and in the clearing business.
NYSE Euronext is a global operator of financial markets and provider of trading technologies. Shares of NYX remained unchanged at $28.27. In the past year, the shares have traded as low as $21.80 and as high as $41.60. On average, 3299730 shares of NYX exchange hands on a given day and today's volume is recorded at 100.
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