CBOE Holdings agreed to buy Bats Global Markets for $3.2 billion on Monday
The planned $3.2 billion acquisition of US
exchange group Bats Global Markets by Chicago-based options
giant CBOE Holdings is unlikely to be blocked for competition
reasons, a senior US anti-trust lawyer has told FOW.
The deal detailed on Monday would see two
large US exchanges combining, immediately prompting questions
about anti-trust infringements.
But Lisl Dunlop, a partner at law firm
Manatt, Phelps and Philips in New York, said the pledge by CBOE
on Monday that the individual exchanges operated by the two
firms will not merge despite the combination at group level
should allay any anti-trust concerns.
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