Deutsche Boerse shareholders have approved the company’s merger with NYSE Euronext.
NYSE Euronext, operators of the New York Stock Exchange, said at shortly after 11 a.m. Thursday that it had received confirmation that the special Deutsche Boerse vote that ended at midnight had yielded more acceptances of the two companies’ exchange offer than were required. Deutsche Boerse confirmed the notice.
NYSE Euronext said it "has been notified by Deutsche Boerse AG that, on a preliminary basis, more than 80 percent of Deutsche Boerse shareholders tendered their shares by July 13th, 2011, surpassing the requisite 75% needed to approve our proposed combination."
Final results, NYSE Euronext said, is expected to be reported tomorrow, Friday July 15.
Completion of the $10.4 billion deal remains subject to U.S. and European regulatory approval.
As of 4 p. m. Thursday, central European time, the German exchange and clearing system operator said 117.3 million of its shares had been voted in favor of the exchange offer announced in February.
That amounted to 60.2 percent of shares.
Last week, NYSE Euronext said its shareholders voted overwhelmingly to approve the deal.
The operator of the New York Stock Exchange said that a preliminary count showed that 96.1 percent of shares present at its special shareholders meeting in New York Thursday were cast in favor of the combination.
The shares voted in favor of the merger amounted to 65.7 percent of all outstanding common shares, NYSE Euronext said.
The merger still must pass antitrust review. NYSE Euronext and Deutsche Boerse submitted their proposed combination to the European Commission for such review in June.
Here’s a slide show showing terms of the deal and the assets that will be combined.
