The supervisory boards of Deutsche Börse and the NYSE Euronext have approved plans for the companies to acquire the remaining 50% stake in Deutsche Börse’s derivatives platform Eurex Zurich from Six Group. The boards have also asked Deutsche and NYSE to grant their shareholders a €2 dividend for each share they hold in the new company, Alpha Beta Netherlands Holding.
The total dividend amount paid out by the merged company may amount to nearly €620 million, assuming 100% acceptance by Deutsche Boerse shareholders in the current exchange offer. The move is aimed at winning broader investor approval for the merger plan. As per the agreement, the Swiss exchange will get cash payment of €295 million and another €295 million in shares in the newly merged company.
Click here for the release from Deutsche Börse.