Deutsche Boerse shareholders have approved its proposed merger with NYSE Euronext, The Wall Street Journal reports. Deutsche Boerse has received about 80% of shares in favor of the deal, while NYSE Euronext has got about two-thirds of shares.
After the completion of the merger, Deutsche Boerse’s shareholders will receive 60% of the enlarged entity. NYSE CEO Duncan Niederauer will be appointed as CEO of the new entity, while Deutsche Boerse CEO Reto Francioni will be Chairman.
Click here for the story from The Wall Street Journal.
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