Deutsche Boerse gave shareholders until midnight on Tuesday to tender shares
Monday’s landslide decision
by LSE Group shareholders to support the
exchange’s planned merger with Deutsche Boerse has
boosted German confidence ahead of its shareholder vote next
week but the firms must tackle the contentious issue of where
the merged group will be based.
Deutsche Boerse gave on June 1, when the
offer document was published, its owners until midnight
European time on July 12 to tender their shares on the proposed
Under German law, the Frankfurt-based
exchange group needs shareholders to have tendered 75% of
outstanding shares by the deadline for the deal to proceed and
is said by sources to have been buoyed
by the LSE shareholder vote on Monday that saw some 99.89% of
shareholders back the merger.
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