Home » News » International News » LSE and Deutsche Boerse to publish deal documents in June

LSE and Deutsche Boerse to publish deal documents in June

Bloomberg

London Stock Exchange Group Plc and Deutsche Boerse AG said they will publish shareholder documents relevant to their planned merger in June.
LSE shareholder meetings required in connection with the proposal to combine the exchange groups will take place in July, after U.K. citizens vote on Britain’s membership of the EU.
The deadline for Deutsche Boerse shareholders to accept the offer will also be in July, the companies said. Next month’s release of the documents is subject to approval by German and British regulators and the boards of each company.
Shareholders and authorities in both countries will be paying close attention to the outcome of the U.K. referendum, scheduled for June 23, as the companies attempt to build a bridge between London, the world’s largest financial marketplace, and Frankfurt. Deutsche Boerse CEO CarstenKengeter would take the helm at the new entity and his exchange’s 54 percent stake would make it the larger partner in the all-share transaction.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Send this to a friend