The chief executives of NYSE Euronext and Deutsche Börse met early last month in hopes of salvaging their proposed $9.7 billion merger. Now, the exchanges are set to abort a deal that would have created the world’s largest stock exchange by volume after European regulators officially came out against the deal.
NYSE and Deutsche Börse said Wednesday that they have entered into discussions to terminate the merger agreement they signed last February, and which was approved by shareholders in July. The announcement came the same day the European Commission said in a press release that it would block the merger out of fear that “it would have resulted in a quasi-monopoly” in the market for European futures traded globally on exchanges.
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