The U.S. Justice Department is taking a hard look at the effect a Nasdaq-NYSE merger would have on stock listings, according to a Bloomberg report.
Nasdaq OMX recently upped the ante in a bidding war with Deutsche Boerse (DB) for the venerable New York financial institution. According to Nasdaq OMX, its offer is about $2 billion richer than DB's and includes the promise of a $350 million payment to NYSE Euronext if they are unable to obtain antitrust and competition approval.
The stepped-upped efforts of the Justice Department suggest securing those approvals may not come easy.
- Justice Department Seeks Data in Nasdaq-NYSE Antitrust Study
- New York Stock Exchange Has a Choice Between ‘Two Evils’
- Confetti falls on otherwise bitter battle for NYSE