Nyse Euronext (NYSE:NYX) announced today that Deutsche Boerse AG (XETRA DB1) has notified the Company that Deutsche Boerse shareholders have approved the proposed combination with Nyse Euronext.
According to final results disclosed by Deutsche Boerse, 82.43% of Deutsche Boerse shareholders tendered their shares by July 13th, 2011 surpassing the requisite 75% needed to approve the proposed combination.
"The acceptance of the exchange offer by Deutsche Boerse shareholders is a strong validation of our vision of creating the premier global venue for capital raising and a world leader in derivatives and risk management," said Duncan L. Niederauer, CEO of NYSE Euronext. "We are grateful to NYSE Euronext and Deutsche Boerse shareholders for their strong ratification of our planned combination, and we will now work diligently to secure the necessary approvals by the relevant regulatory authorities to complete this ground-breaking transaction as quickly as possible."
Completion of the combination is subject to approval by the relevant competition and financial, securities and other regulatory authorities in the U.S. and Europe, as well as customary closing conditions.