Deutsche Boerse, Nyse Euronext | featured news

Nasdaq OMX has stepped up its opposition to the planned merger between NYSE Euronext and Deutsche Börse and said the deal would "irrevocably destroy" competition in Europe's listed-derivatives markets, just as the European Commission nears a decision on the tie-up.

The top executive of NYSE Euronext said a critical European Union review of the company's agreed-upon tie-up with Deutsche Börse will likely result in conditions being placed on the combined company, rather than an outright block of the deal.

FRANKFURT (Reuters) - Germany's Deutsche Boerse AG pulled off a $9.7 billion takeover of NYSE Euronext as shareholders approved a deal to create the world's largest exchange operator amid resistance in Frankfurt.

NYSE Euronext and Deutsche Borse agreed on Tuesday to a $10 billion all-stock merger, bringing together two stock exchanges into a trans-Atlantic powerhouse.

Germany's Deutsche Boerse is in advanced talks to buy NYSE Euronext, and the London Stock Exchange has agreed to buy Canadian stock market operator TMX, as exchanges globally look for ways to boost their markets and cut costs.