Bats Europe and Chi-X Europe have agreed to expand the terms of their proposed acquisition deal, Financial Times reports. The extension will prevent either party from entering discussions with any other organizations, adds Financial News.
Bats signed a deal to buy Chi-X Europe in February this year but the deal got delayed by the Office of Fair Trading’s decision to refer it to the U.K.’s Competition Commission. Chi-X Europe and BATS share five of the same shareholders, Citigroup, Credit Suisse, Bank of America Merrill Lynch, Morgan Stanley and Getco.
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