European regulators are expected to block the $9 billion merger between stock exchanges Deutsche Boerse and NYSE Euronext, according to multiple press reports. The exchanges already pushed back their deadline for merger completion from December 31 to March 31, with Deutsche Boerse planning to plead its case directly to college of commissioners.
The New Republic’s owners have hired The Blackstone Group to advise on a possible sale of the liberal political magazine, according to the NY Times. www.tnr.com
Raymond James Financial is nearing a deal to buy brokerage Morgan Keegan from Regions Financialfor around $930 million in cash, according to Bloomberg. Goldman Sachs is managing the process.
PAI Partners has agreed to sell a 25.7% stake in Danish food ingredients maker Chr. Hansen to Novo AS for €560 million. www.chr-hansen.com
Snow Phipps Group has sold FiberVisions Corp., a Duluth, Ga.-based provider of polyolefin staple fibers for nonwoven applications, to listed Indonesian polyester producer Indorama Ventures Public Company Ltd. (IVL.BK). No financial terms were disclosed.
