CME Group Gets DOJ Antitrust Clearance for NEX Acquisition
October 12 2018 - 2:04PM
Dow Jones News
By Michael Dabaie
CME Group (CME) said Friday it received clearance from the U.S.
Justice Department's antitrust division for its proposed
acquisition of NEX Group PLC (NXG.LN)
Security and commodity exchange company CME in March agreed to
buy U.K. financial-technology company NEX for about $5.4
billion.
CME said it has also received relevant regulatory approvals from
the Financial Conduct Authority and regulators in the U.S.,
Germany, Italy and Sweden, and have made requisite
pre-notifications in Hong Kong. The deal remains subject to closing
conditions, including U.K. Competition and Markets Authority
clearance and the sanctioning of the transaction by the U.K. Court.
The deal is still expected to close by the end of the year.
CME shares were recently down about 1% to $174.40. The stock is
up about 27% in the last year.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
October 12, 2018 14:49 ET (18:49 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
CME (NASDAQ:CME)
Historical Stock Chart
From Jun 2024 to Jul 2024
CME (NASDAQ:CME)
Historical Stock Chart
From Jul 2023 to Jul 2024