One World Economy: "Deutsche Boerse & take over of NYSE Euronext...."

By Rachelle Younglai and Sarah N. Lynch

WASHINGTON | Tue Mar 1, 2011 12:21am GMT

WASHINGTON (Reuters) - A senior U.S. Treasury official said he did not see any national security concerns with Deutsche Boerse's (DB1Gn.DE) planned takeover of NYSE Euronext.


The Committee on Foreign Investment in the United States (CFIUS) reviews foreign investments to ensure they pose no threat to national security and has the power to block business deals.

Chaired by Treasury Secretary Timothy Geithner, the panel is comprised of eight other voting members, including the secretaries of state, defence, commerce and homeland security.

In less than three weeks, Deutsche Boerse announced a bid for NYSE Euronext, London Stock Exchange (LSE.L) unveiled plans to take over Toronto Stock Exchange parent TMX Group Inc (X.TO), and BATS Global Markets said it would buy fellow privately-owned venue operator Chi-X Europe.

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