Question

When was the attempted merger between the New York Stock Exchange-Euronext and the Deutsche Borse (of Germany)? What was the value of this merger?

Which government agency blocked it and on what grounds?

Answer 1

When was the attempted merger between the New York Stock Exchange-Euronext and the Deutsche Borse (of Germany)? What was the value of this merger?

The attempted merger between the New York Stock Exchange-Euronext and the Deutsche Borse (of Germany) was in 2011.

The New York Stock Exchange-Euronext shareholders had approved the merger on 7^th July 2011.

And Deutsche Borse of Germany’s shareholders approved the merger on 31^st July 2011.

The value of this merger was $9.53 billion.

Which government agency blocked it and on what grounds?

The government agency, European Union has blocked the planned merger between the New York Stock Exchange-Euronext and the Deutsche Borse (of Germany) because of the fear that it would create a near-monopoly in European financial derivatives worldwide. European Union has raised their concern that the European financial derivatives markets are at the core of the financial system and it is very important for the whole European economy that this market should remain competitive.