LSE backing paves the way for German stockholders to vote next week
The LSE Group said on Monday the required
majority of its shareholders has backed the British exchange
group's planned merger with Deutsche Boerse, offering a timely
boost to a deal facing growing opposition in Europe.
The LSE said in a RNS announcement on
Monday 99.89% of the LSE shareholders who voted had backed the
proposed merger with the German exchange giant following an
Extraordinary General Meeting for shareholders in London.
Under UK law, the LSE needed a simple
majority, or 50% plus one share, of the votes cast to proceed
with the proposed transaction.
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