CME Group Wins DoJ’s Approval for NEX Takeover, Races to Secure More from UK
Posted: Thu Oct 11, 2018 7:09 pm
CME Group said it has secured approval from the US antitrust regulator for its $5.5 billion takeover of Michael Spencer’s NEX Group Plc, moving the world’s biggest derivative exchange closer to securing a new avenue of growth.
The US Department of Justice’s clearance, along with approvals earlier from other regulators in the United States, Germany, Italy and Sweden, means that CME Group now had six of nine approvals, with just Hong Kong and two watchdogs in the UK still remaining. The exchange operators said it was optimistic that it would win it soon.
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