• 25 Feb 2013 at 3:24 PM

CME, Deutsche Börse Start, End Fling

When two exchanges eye each other from across the ocean, there’s a pretty standard courting procedure. One or both have usually been spurned and lust after a deal, if not particularly with the available lepers, then after a deal for a deal’s sake, just to show they’ve still got it. They dance around each other for a while coquettishly, before agreeing that it really would be a great idea to spend their lives (or a convenient period of time) together.

Then, the regulatory chaperones step in and, usually, say no.

The CME Group and Deutsche Börse decided to do away with those formalities; the latter, it seems, has decided it will never love again after the chaperones said it couldn’t sleep with the pretty girl with the columns last year.

On the bright side, the thought that the dowdy old Germans could attract the eye of the loveliest of all of the exchanges didn’t hurt the former’s stock today.

German exchange operator Deutsche Börse AG and U.S. rival CME Group Inc. met twice in recent months to discuss views on potentially merging the operations, a person familiar with the matter said Monday.

The talks took place at the request of CME, and Deutsche Börse told CME it wasn’t interested in pursuing a merger, the person said.

Earlier Monday, Deutsche Börse issued a statement saying it isn’t in merger talks with CME, after shares had gained as much as 10% on speculation tied to a media report. Deutsche Börse shares ended the day up 5.6% in Frankfurt. CME was up 0.4% midday on Nasdaq.

Deutsche Börse, CME Talked—But No Longer [WSJ]

6 comments (hidden to protect delicate sensibilities)
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Comments (6)

  1. Posted by Hobbes | February 25, 2013 at 3:56 PM

    We the DB readers are actually more interested about how you conned – I mean courted Bess into giving you a job.

  2. Posted by Guest | February 25, 2013 at 4:04 PM

    Don't worry, I'm an early finisher too. Same height bros for life!

  3. Posted by Dr. Pre E. Jack | February 25, 2013 at 7:09 PM

    CME took it out, on the first date no less, and Deutsche was naturally mortified.

  4. Posted by 3rd grade teacher | February 25, 2013 at 7:35 PM

    did you find a thesaurus on matt's desk?

  5. Posted by Rikki Tikki Tavi | February 26, 2013 at 7:28 AM

    Next to the thesaurus should be a dictionary – you can use it to look up the word "former."

  6. Posted by GuestofSeinfeldPast | February 28, 2013 at 7:50 PM

    Way better than the article.