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Deutsche Borse has announced that it has lowered the LSE merger threshold required for acceptances under the Exchange Offer Acceptance Condition from 75 percent to 60 percent.
Minimum Threshold Lowered to 60 Percent
Due to this offer amendment, the acceptance period of the Exchange Offer will be extended by two weeks and will now expire on 26 July 2016. The lowering of the minimum acceptance threshold is in line with the German securities acquisition and takeover act.
The decision reflects feedback from a number of institutional index funds that are only technically capable of tendering their Deutsche Börse shares after the minimum ... (read more)