Exchanges have formed a committee to look at referendum's consequences
The London Stock Exchange Group and
Deutsche Boerse have published the offer document for their
planned merger, arguing the deal is not predicated on the UK
voting to stay in Europe and suggesting 1,250 jobs could go
after the deal.
The LSE Group and Deutsche Boerse outlined
on Wednesday the rationale for the merger, adding: "The outcome
of the United Kingdom referendum on membership of the European
Union is not a condition of the merger."
The firms said they have established a
Referendum Committee, adding: "The referendum Committee has
been tasked with reviewing the potential impact on the business
of the combined group of any vote to the UK to leave the EU at
the referendum on June 23, including any issues that LSEG and
Deutsche Boerse and, following completion, the HoldCo Board
specifically requests the Referendum Committee to consider, and
to make recommendations to the LSEG and Deutsche Boerse and,
following completion, the HoldCo Board in the context of this
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