Billionaire developer Donald Trump says a foreign country, or company, should not own the New York Stock Exchange, and he hopes U.S. regulatory authorities nix the deal, announced Tuesday, in
which the Deutsche Boerse AG would take ownership of the Wall Street icon.
“If I were in a position, I wouldn’t even have allowed the discussions to take place,” Trump Tuesday told Fox News’ Stuart Varney. “I don’t want foreign countries owning the New York Stock Exchange; it’s very simple, it’s black and white – we don’t want Germany owning the New York Stock Exchange.
“I just think if I were the president, and I hope he sees this, I would do something, because they do need regulatory approval of some kind and I just don’t think a foreign country – and I’m not talking about Germany – I don’t think any foreign country should be owning the New York Stock Exchange – or a foreign company – should be owning the New York Stock Exchange,” said Trump, who is considering a 2012 presidential run.
Deutsche Boerse AG has agreed to buy New York Stock Exchange parent NYSE Euronext in a deal that creates the world’s largest owner of equities and derivatives markets.
The U.S. Securities and Exchange Commission would have to sign off on the takeover, which could also draw antitrust scrutiny from the Justice Department. The U.S. government's Committee on Foreign Investment in the United States could also raise national security concerns.
There are also German and European regulatory hurdles for the Deutsche Boerse to overcome before the deal can be completed..
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