Threshold of 60% was breached on July 26, the deadline for tendering shares
Deutsche Boerse has passed another crucial
hurdle in its planned merger with the London Stock Exchange
Group as it secured late on Tuesday the support of the
requisite number of Deutsche Boerse shareholders to proceed
with the deal.
The German exchange giant said on Tuesday
it had secured the support of shareholders who owned 60.35% of
Deutsche Boerse shares, breaching the 60% minimum acceptance
threshold set by the exchange.
The threshold was surpassed on the Tuesday
deadline for Deutsche Boerse shareholders to vote on the deal,
a little over two weeks after the German exchange cut to 60%
the threshold for shareholder approval from 75% and extended
the voting deadline by two weeks to July 26.
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