CME’s Duffy: Hard to break up D.Boerse-NYSE

By Reuters
Posted March 22 at 4:27 p.m.

CME Group Inc. would find it hard to counter Deutsche Boerse AG’s takeover bid for NYSE Euronext because of the steep breakup fee on the cross-Atlantic deal, CME’s executive chairman said.

Asked if CME would like to buy NYSE’s UK-based derivatives exchange, CME’s Terrence Duffy told CNBC he “would obviously love to take a look,” if it were available for sale.

But the expensive breakup fee would make it difficult for CME or another firm to make a counter offer, he said.

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