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Germany: Stock market merger gains shareholder support from both sides

By  |  July 27, 2016
Germany: Stock market merger gains shareholder support from both sides

Deutsche Boerse has secured support from more than 60 percent of its investors for the £21 billion merger with the London Stock Exchange, two weeks later than originally planned, and has now set the exchange companies up for a lengthy round of regulatory approvals.

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    Unlike the LSE, where the shareholders overwhelmingly backed the merger in a vote on July 4, Deutsche Boerse has been through six weeks of gradually gathering support from its investors – a process complicated by index funds’ rules on only supporting deals once they have majority support.

    With both companies now supporting of the deal, further progress can be made on the 40-plus regulators globally that must sign off on the creation of a dominant European market operator.

    Full Content: The Telegraph

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