Deutsche Boerse and NYSE Euronext (NYSE: NYX) continue to fight blocks put in the way of their merger by EU authorities. The regulators want more of the asset of the two to be sold so that the married entity will not have too much power over market trading.
Reuters reports that
The companies formally offered to sell the London-based equity derivatives business at NYSE Euronext unit Liffe to help persuade Brussels-based regulators that a combination of the two companies does not distort competition
That concession is not enough.
Reuters said
On Tuesday, the two companies went further and said they were also ready to offer rivals more extensive access to their clearing house for trading in innovative equity index and interest rate derivatives.
The EU authorities continue to be more restrictive on many mergers than their US counterparts. At some point, the divestitures and competitive compensation for the merger may be too much to make it worthwhile