Antitrust Concerns Sink Nasdaq's Bid for NYSE - WSJ.com

The Justice Department killed Nasdaq OMX Group Inc.'s $11 billion hostile-takeover bid for control of the New York Stock Exchange, saying it would destroy the intense competition that has lowered trading costs and given U.S. companies a choice about where to list their shares.

While the move essentially preserves the rivalry between the 219-year-old Big Board and electronic exchange operator Nasdaq, it also pushed the iconic NYSE one step closer to being absorbed by Deutsche Börse AG.

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