Anti-trust concerns have led to a preliminary rejection by European Union regulators of the proposed merger between NYSE Euronext and Deutsche Boerse, according to this report.
That can’t leave the folks at TMX Group Inc., owner of the Toronto Stock Exchange, and suitor Maple Group Acquisition Corp. feeling confident — especially given the Canadian firms’ ongoing efforts to scale the important regulatory hurdle of Competition Bureau clearance.
In November, Canada’s Commissioner of Competition expressed “serious concerns” about the proposed purchase of TMX Group by the consortium of banks and other financial services firms.
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