Financial Times FT.com

Path clears for Euronext/NYSE deal

By Norma Cohen in London and John Authers in New York

Published: December 5 2006 11:24 | Last updated: December 6 2006 02:18

European regulators said on Tuesday that they would not object to the tie-up between the NYSE Group and Paris-based Euronext, thus appearing to remove one of the last significant potential blocks to the deal.

They maintained conditions that would place some limits on the ability of the NYSE, which runs the New York Stock Exchange, to cut costs or improve efficiency at its sprawling new subsidiary, without adding any significant restrictions that do not already apply to Euronext.

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