Bloomberg News

NYSE, Deutsche Boerse Terminate Deal After EU Regulators Object

February 02, 2012

Feb. 2 (Bloomberg) -- Deutsche Boerse AG and NYSE Euronext terminated their merger agreement, a day after European antitrust regulators rejected the combination.

The European Commission blocked the transaction, which at its peak would have created a company valued at more than $26 billion, because it would have concentrated too much derivatives trading in the hands of a single entity.

Shares of Deutsche Boerse, based in Frankfurt, had retreated 22 percent through Jan. 31 since the companies said in February 2011 that they were in merger negotiations. NYSE Euronext, based in New York, had slumped 21 percent.

NYSE Euronext announced the termination in a statement on its website.

--Editor: Michael P. Regan

To contact the reporter on this story: Nick Baker in New York at nbaker7@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net


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