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Deutsche Boerse CEO Receives Board Backing, Euro am Sonntag Says

Deutsche Boerse AG Chief Executive Officer Reto Francioni won’t be fired should the proposed $9 billion merger with NYSE Euronext fail, Euro am Sonntag reported, citing an unnamed supervisory board member.

Francioni prepared the company well for the merger and he is not responsible for its prospective rejection by European competition authorities, Euro am Sonntag cited the supervisory board member as saying.

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