Deutsche Boerse AG will likely face an in-depth review by European Union antitrust regulators of its $9.53 billion bid for NYSE Euronext , a deal that would create the largest owner of equities and derivatives markets, lawyers said.
The insider-trading trial of Galleon Group LLC co-founder Raj Rajaratnam next month is the culmination of U.S. investigations dating back 12 years that involved blind alleys, anonymous tips, wiretaps and a trip into the Tamil Tiger underworld before prosecutors got their man, Bloomberg News’ Patricia Hurtado reports.
NYSE Euronext said some securities listed on the New York Stock Exchange and NYSE Amex didn’t stop trading at the normal closing time of 4 p.m. Spokesman Ray Pellecchia declined to say what caused the problem.
Nasdaq OMX Group Inc. is in talks with lenders about funding a possible bid for NYSE Euronext to counter Deutsche Boerse AG ’s more than $9 billion offer for the exchange operator, said two people with knowledge of the matter.
Prospects of a bidding war for NYSE Euronext sent shares of the New York Stock Exchange’s owner 5.5 percent higher, climbing above the takeover price Deutsche Boerse Group AG agreed to pay in February.