Sunday 3 April 2011

gulfnews : Nasdaq may face obstacles in bid for NYSE Euronext

Nasdaq OMX Group may face anti-trust obstacles in its bid to acquire NYSE Euronext, the owner of the New York Stock Exchange, two law professors said.

The combination would give Nasdaq a monopoly on listing corporations in the US, the world's largest capital market. That is likely to raise US Justice Department concerns that the deal would be anti-competitive, said Herbert Hovenkamp, a professor at the University of Iowa College of Law in Iowa City.

If anti-trust regulators limit their analysis of a combined exchange to the US market, the merger would be "way over the threshold of illegality," Hovenkamp said in a phone interview.

No comments:

Post a Comment