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22 March 2012

NYSE Euronext statement regarding decision not to appeal European Commission prohibition of merger


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NYSE Euronext announced that it would not pursue an appeal of the decision by the European Commission to prohibit its proposed combination with Deutsche Börse.


While NYSE continues to believe that the European Commission decision was based on an incorrect determination of the relevant market definition, NYSE does not believe that the interests of its shareholders and its company would be served by undertaking a protracted appeal.

NYSE remains convinced of the original rationale for the proposed combination and the many benefits it would have created for the industry, its customers and the European economy. However, as was said at the time of the prohibition, the sole focus has returned to executing our strategy and leveraging the significant opportunities NYSE has to grow the business and continue to create long-term value for its shareholders, customers and employees.

Statement



© NYSE Euronext


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