European Commission To Review Proposed Merger Of Intercontinentalexchange Inc And NYSE Euronext-DJ


Tuesday, 23 Apr 2013 01:41pm EDT 

Dow Jones reported that The European Commission will review IntercontinentalExchange Inc.'s bid to buy NYSE Euronext (NYX), enabling the exchange operators to avoid a potentially longer examination by national antitrust regulators. The exchanges next will hold talks with the European Union's Directorate General for Competition before filing formal merger papers with the agency, typically done within six to 12 weeks of the European Commission taking up a deal for review. Once the formal application is filed, the European Commission has up to 35 working days to determine whether to give a deal its blessing or open a longer, more in-depth examination. 

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