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.
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