Deutsche Boerse and NYSE Euronext 'to negotiate with European commissioners'
Exchange operators Deutsche Boerse and NYSE Euronext will lobby European commissioners to save their merger, it has been claimed.
Deutsche Boerse and NYSE Euronext will use negotiation strategies to try and convince European commissioners to allow their merger.
This is according to Reuters, which cited sources close to the battle between the firms and antitrust officials over the $9 billion (£5.8 billion) deal.
Reto Francioni and Duncan Niederauer, chief executives of Deutsche Boerse and NYSE Euronext respectively, will meet with influential politicians and businesspeople at the World Economic Forum in Switzerland later this month, it was claimed.
Antitrust chief for the European Commission Joaquin Almunia and his team intends to tell the panel of 27 European commissioners not to allow the deal to go ahead, with regulators insisting the firms sell either Liffe or the Eurex derivatives unit, which the enterprises refuse to do.
Deutsche Boerse and NYSE Euronext recently extended the deadline for the completion of the merger to March 31st 2012 rather than December 31st 2011.
Posted by Edel Quinn
Source: Reuters, January 11th