Navigate this market better. Subscribe for FREE stock alerts and information.

Tuesday, December 13, 2011

D.Boerse, NYSE offer more remedies to clear merger, (NYSE: NYX)

Exchange operators NYSE Euronext and Deutsche Boerse AG offered more divestments in a bid to assuage European authorities' antitrust concerns over their proposed $9 billion merger.Deutsche Boerse said in a statement on Tuesday the two companies had proposed selling more European single-equity derivatives assets than previously planned, and to offer rivals more extensive access to their clearing house for trading in innovative equity index and interest rate derivatives.A person familiar with the matter told Reuters the companies were prepared to sell a London-based part of NYSE Euronext unit Liffe's equity derivatives business. A spokesman for Deutsche Boerse declined to say in which countries assets may be sold.Deutsche Boerse's takeover of NYSE Euronext, first announced amid a rush of industry merger plans in February, would create the world's largest exchange operator.

NYSE Euronext is a global operator of financial markets and provider of trading technologies. Shares of NYX remained unchanged at $27.24. In the past year, the shares have traded as low as $21.80 and as high as $41.60. On average, 3112690 shares of NYX exchange hands on a given day and today's volume is recorded at 0.



Source