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Chairmen's Committee Approves Euronext-NYSE Merger

by Ulrika Lomas, for LawAndTax-News.com, Brussels

06 December 2006


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.


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