ICE, NYSE get nod from Euronext regulators on merger

Reuters

NEW YORK, Oct 2 (Reuters) - IntercontinentalExchange Inc and NYSE Euronext said on Wednesday they moved astep closer to ICE finalizing its proposed takeover of the BigBoard operator after a European regulatory group said it wouldnot object to the deal.

ICE and NYSE said they received a letter from the Chairmen'sCommittee of Euronext Regulators indicating they are "not mindedto object" to the proposed deal, currently valued at around$10.6 billion.

Final approvals are still needed from national authoritiesand regulatory bodies in each of the relevant Europeanjurisdictions. NYSE's Euronext unit, which the exchangeoperators plan to spin off once the deal is complete, includesthe Paris, Amsterdam, Brussels and Lisbon stock exchanges.

The U.S. Securities and Exchange Commission approved thedeal, which will give ICE control of Liffe, Europe'ssecond-ice.largest derivatives market, in August.

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