On February 1, 2012, the European Commission blocked the merger of NYSE Euronext and Deutsche Boerse, two major exchanges, on the grounds that the combined entity would have a near-monopoly on the European derivatives market. On February 2, 2012, NYSE Euronext announced that, in light of the ruling, both companies have agreed to cancel the merger.
Sources: “EU blocks Deutsche Boerse/NYSE merger, cites near-monopoly”, “NYSE EURONEXT AND DEUTSCHE BOERSE TERMINATE BUSINESS COMBINATION AGREEMENT”
Prior related alert: “Exam Alert: NYSE Euronext and Deutsche Boerse announce merger”
This alert applies to the Series 79, Series 62, Series 24, Series 99, Series 7, Series 65, and Series 66.