Chairmen's Committee Approves Euronext-NYSE Merger
The Chairmen’s Committee of the Euronext regulators announced this week
that it has considered the proposed combination of Euronext and the NYSE Group.
It announced on Tuesday that: "On the basis of the information currently available, the Chairmen’s
Committee confirms that it is not minded to object to the proposals for the
Euronext/NYSE combination." However, it added that: "The 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." The Euronext regulators are also finalising a draft Memorandum of Understanding
with the US Securities and Exchanges Commission. This MoU will be signed if
and when the proposed combination receives the required approvals from competent
authorities, and the offer is declared unconditional. .
|
|
IMPORTANT NOTICE: TAX-NEWS.COM has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright TAX-NEWS.COM 1999 to 2007. Contact us for further information.