Deutsche Boerse AG (DBOEF.PK, DBOEY.PK) Monday denied having any talks for a merger with CME Group Inc. (CME). The rebuttal follows a Bloomberg report that the German exchange operator had been approached by CME Group for a possible merger.
Deutsche Boerse reiterated its primary strategic focus on organic growth, mainly by leveraging its focus in Asia, extending services for unsecured and unregulated markets, and broadening its combined market data and IT business.
Shares of Deutsche Boerse gained five percent on Monday on the German Xetra exchange.
The exchange industry has been in the limelight after IntercontinentalExchange Inc. (ICE) agreed to acquire NYSE Euronext Inc. (NYX) for about $8.2 billion in December. The deal comes more than a year and a half after a failed hostile bid by ICE and Nasdaq OMX Group Inc. (NDAQ) for the Big Board.
A possible merger of CME and Deutsche Boerse would create a leading futures-market operator, and would face lesser regulatory resistance than the proposed deal between Deutsche Boerse and NYSE Euronext that was blocked by European regulators last year.
In Germany, Deutsche Boerse stock is trading at 49.01 euros, up 4.98%, on a volume of about 4.3 million shares.
CME Group is trading at $58.85, up 0.93%, on a volume of 0.6 million shares on the Nasdaq.
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