Deutsche Börse AG DB and NYSE Euronext NYX confirm that the European Commission has today initiated a Phase II review of their proposed business combination. The European Commission's decision to open an in-depth investigation was fully anticipated and does not in any way prejudge or prejudice the ultimate outcome.
Deutsche Börse and NYSE Euronext remain confident that their planned combination will be approved. The Companies have had open and constructive discussions with European Commission staff throughout, and look forward to continuing to work closely with the European Commission to obtain clearance for a transaction that will deliver an extraordinarily broad range of benefits to European market participants. The Companies' combined businesses will remain exposed to important competitive constraints from OTC, other exchanges worldwide and newer trading venues, competing clearing systems, and sophisticated users.
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