German exchange cut the tender threshold and extended the deadline on Monday
Deutsche Boerse has passed a milestone in
its planned merger with the London Stock Exchange Group by
saying it will issue a new class of shares after the
transaction, something the exchange is required to do once it
secures the approval of half its shareholders.
The Frankfurt-based exchange said in a
statement late on Wednesday it will replace its current shares
with a new tendered share class on Monday July 18 because
shareholders with more than 50% of shares have now backed the
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