UPDATE 1-ICE, NYSE get nod from Euronext regulators on merger
NEW YORK Oct 2 (Reuters) - IntercontinentalExchange Inc and NYSE Euronext said on Wednesday they moved a step closer to ICE finalizing its proposed takeover of the Big Board operator after a European regulatory group said it would not object to the deal.
ICE and NYSE said they received a letter from the Chairmen's Committee of Euronext Regulators indicating they are "not minded to object" to the proposed deal, currently valued at around $10.6 billion.
Final approvals are still needed from national authorities and regulatory bodies in each of the relevant European jurisdictions. NYSE's Euronext unit, which the exchange operators plan to spin off once the deal is complete, includes the Paris, Amsterdam, Brussels and Lisbon stock exchanges.
The U.S. Securities and Exchange Commission approved the deal, which will give ICE control of Liffe, Europe's second-ice.largest derivatives market, in August.
- Tweet this
- Share this
- Digg this
- Iran to push for Saudi oil output cut at OPEC - Mehr news agency
- Aviva falls on Friends Life merger plan doubts |
- Aviva, Friends Life 5.6 billion pound merger plan makes sense - investors
- Putin says Russia not isolated over Ukraine, blames West for frosty ties
- Tesla says in talks with BMW over car batteries, parts