EU rejects NYSE-DB

The EU Commission has rejected the NYSE-DB merger.The bid to merge NYSE Euronext and Deutsche Borse has been formally rejected by the EU on the grounds that it would stifle competition.A joint statement by Deutsche Börse and NYSE Euronext confirmed they have been informed that their merger has been rejected.It said: “Despite the remedies offered by the companies, the European Commission concluded that the combination would significantly impede effective competition and declared the concentration to be incompatible with the Common Market."An official statement from the EU set out the full reasons for its decision following a meeting of the 27...