German exchange cut threshold to 60% and extended deadline by two weeks
Deutsche Boerse is "confident" of securing
shareholder support for its planned merger with the London
Stock exchange after taking the unusual step of lowering the
threshold for shareholders to approve the deal and extending
the vote deadline by two weeks.
The German Exchange said in a statement on
Monday it had cut to 60% the threshold for shareholder approval
from 75% and extended the voting deadline to July 26 from its
previous date of July 12.
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