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Monday, December 12, 2011

German state seeks changes to D.Boerse, NYSE deal, (NYSE: NYX)

A regional regulator said it had raised some objections to exchange operator Deutsche Boerse's takeover of NYSE Euronext and was awaiting a reply."There are legal reservations about the deal," the Hessian Ministry of Economics said in an e-mailed statement on Monday.The ministry, based in Wiesbaden, Germany, has the power to revoke Deutsche Boerse's operating licence, a key prerequisite to a successful deal.The ministry said it had submitted a list of suggested amendments to the deal, but had not received any answers from Frankfurt-based Deutsche Boerse.

NYSE Euronext is a global operator of financial markets and provider of trading technologies. Shares of NYX remained unchanged at $27.25. In the past year, the shares have traded as low as $21.80 and as high as $41.60. On average, 3135210 shares of NYX exchange hands on a given day and today's volume is recorded at 0.



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