The Chairmens’ Committee of the Euronext regulators suggests that it will not object to the merger of Euronext NV and the NYSE Group Inc.
The committee says it has considered the proposed combination, and, \u201cOn the basis of the information currently available, the Chairmens’ Committee confirms that it is not minded to object to the proposals for the Euronext\/NYSE combination.\u201d
\u201cThe final prior approval decision will be conditional to, and dependent on, the regulators receiving satisfactory assurances\/commitments in specific areas and agreement on final documentation,\u201d it adds.
The Euronext regulators are also finalizing a draft Memorandum of Understanding with the U.S. Securities and Exchanges Commission. This MoU will be signed if and when the proposed combination receives the required approvals from the authorities, and the offer is declared unconditional.
The exchanges said they are pleased with the announcement of the regulators\u2019 position. \u201cEuronext and NYSE anticipate that the Committee’s final agreement will be forthcoming once Euronext and NYSE have formalized the various undertakings provided in recent correspondence with the Committee and its taskforce,\u201d they said.<\/p>\n","protected":false},"excerpt":{"rendered":"
Approval dependent regulators agreeing on final documentation<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2312,2313],"tags":[],"yst_prominent_words":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/306643"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=306643"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/306643\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=306643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=306643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=306643"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=306643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}