Deals
Deutsche Boerse-LSE Said to Extend EU’s March 13 Deal Deadline
- EU may extend deadline by another 5 to 10 days, people say
- Extra time will give opportunity to market test remedies
London Stock Exchange Group Plc's offices.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
European competition watchdogs may again extend their deadline for ruling on Deutsche Boerse AG’s takeover of London Stock Exchange Group Plc, according to people familiar with the discussions, giving regulators more time to review the firms’ clearinghouse operations.
The European Union may push out its March 13 deadline by another five to 10 days, the people said, asking not to be named because the discussions are private. The delay will give regulators an opportunity to ask others in the market about any remedies offered by the companies, which is known as a market test.