NYSE Euronext said its annual report to the SEC that it incurred $85 million of legal, banking and other expenses in 2011 from its unsuccessful plan to merge with Deutsche Boerse.
The two exchange operators and technology suppliers agreed to terminate their merger agreement on Feb. 2, a day after the European Union’s Competition Commission issued a formal decision disapproving the combination. Its main objection: Concentration in derivatives trading and clearing. NYSE Euronext’s Liffe operation and Deutsche Boerse’s Eurex business would control roughly 90 percent of the European market.
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