From today's NY Times DealBook:
"A trans-Atlantic deal that looked like a strategic coup for the newly public NYSE Group Â its proposed acquisition of the pan-European stock exchange Euronext Â appears to be turning into a quagmire. "Why? It became political:
"The NYSE Group's traction has slipped as politicians in Europe have lined up in favor of a domestic alternative to the deal. The opposition reflects fears among European companies that they might be subject to American securities regulations if the acquisition is completed."This despite public assurances by US politicians that regulations would be left in European hands.
- It's not over until it's over.
- If in a takeover, you can make it political, you have a legitimate shot at blocking the deal.