$900M Dividend Would End NYSE-Deutsche Deal Suits

Law360, New York (June 24, 2011, 3:17 PM EDT) -- A $900 million dividend for shareholders of the merging Deutsche Boerse AG and NYSE Euronext Inc. keyed a settlement that should end 10 class actions claiming NYSE Euronext didn’t hold out for enough money, the Big Board operator said Friday.

The €2 per share special dividend, announced June 7 and approved June 16 by the merging exchanges, will be paid to shareholders after the merger is completed, NYSE said.

NYSE told the U.S. Securities and Exchange Commission that the lawsuits -- four in Delaware, four in...
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