CME-NEX Link Up Gets US Thumbs Up

The boards of CME Group and NEX Group have announced they have received clearance under the Hart-Scott-Rodino Act from the United States Department of Justice – Antitrust Division for the proposed acquisition of NEX by CME and Bidco – an important step in the process to complete the acquisition.

CME and NEX have also received the relevant regulatory approvals from the UK’s Financial Conduct Authority (FCA) and regulators in the US, Germany, Italy and Sweden, and have made the requisite pre-notifications in Hong Kong. 

The firms say in an announcement that completion of the acquisition remains subject to the satisfaction or waiver of the remaining conditions, including competition clearance being received from the UK Competition and Markets Authority and the sanctioning of the Scheme by the Court. 

CME and NEX say they still expect the scheme to become effective by year end 2018.

Colin Lambert

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