Deutsche Boerse Shareholders Back $10B NYSE Tie-Up

Law360, New York (July 14, 2011, 1:49 PM EDT) -- German stock exchange Deutsche Boerse AG announced Thursday that its shareholders had approved a $9.7 billion takeover of NYSE Euronext, effectively closing the deal pending regulatory approvals.

According to a preliminary tally, over 80 percent of shareholders who chose to vote approved the merger, far outpacing the required 75 percent approval, Deutsche Boerse said. The German exchange cautioned that the final acceptance rate could go up or down as the last votes were officially tallied.

The approval came just a week after 96 percent of NYSE...
To view the full article, register now.