Status:  Upcoming/New Filing

Acquirer:  Euronext US Inc. (US); Euronext N.V. (Netherlands)

Acquired:  FastMatch, Inc. (US)

Value:  Approx. US$153 million

Industry:  Financial Services

On May 23, 2017, Euronext N.V., a Netherlands company operating regulated and transparent equity and derivatives markets, announced it agreed to purchase approximately 90% of US based FastMatch, Inc., a growing electronic communication network for foreign exchange trading.  (See Euronext Press Release, Euronext to acquire FastMatch and expand into global FX markets, May 23, 2017.)   According to the Stock Purchase Agreement recently filed with the SEC by one of the selling shareholders of FastMatch, CFIUS clearance will be a condition to closing the transaction.  (See Section 7.1(g), Stock Purchase Agreement, Global Brokerage, Inc., Form 10-Q, Ex-10.1, Aug. 9, 2017, SEC Filing.)  The agreement further called for a draft CFIUS Notice prefiling to be submitted within 10 business days of execution (i.e., by June 6, 2017) unless mutually agreed otherwise.  (See id. at Section 6.4(c).) On August 14, 2017, Euronext announced it “completed the acquisition of c.90% of FastMatch . . . after having received regulatory and anti-trust approvals.” (Euronext, Press Release, Euronext closes acquisition of FastMatch, Aug. 14, 2017.)

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