NYSE Euronext (NYX)

[$UPERMAN]

US DOJ Clears Deutsche Borse-NYSE Deal, With Conditions
Date : 12/22/2011 @ 1:07PM
Source : Dow Jones News
Stock : NYSE Euronext (NYX)
Quote : 26.33 0.36 (1.39%) @ 1:09PM

US DOJ Clears Deutsche Borse-NYSE Deal, With Conditions

NYSE Group (NYSE:NYX)

Today : Thursday 22 December 2011
The U.S. Justice Department on Thursday gave antitrust clearance to the merger of NYSE Euronext (NYX) and Deutsche Boerse AG (DBOEF, DB1.XE), but said a Deutsche Boerse subsidiary must sell its stake in Direct Edge Holdings LLC.

The parties have agreed to a proposed settlement, filed in a Washington federal court, that addresses the Justice Department's concerns.

The department said the transaction as originally proposed would have lessened competition for equities trading services, listing services and real-time data products in the U.S.

The settlement requires Deutsche Boerse subsidiary International Securities Exchange Holdings Inc. to sell its 31.5% stake in Direct Edge, the fourth-largest stock-exchange operator in the country, within two years.

-By Brent Kendall, Dow Jones Newswires; 202-862-9222; [e-mail]