Deutsche Börse Group, LSE Merger Reaches 89% of Shares Tendered
Posted: Tue Aug 16, 2016 11:09 am
Deutsche Börse AG and the London Stock Exchange Group (LSEG) have passed another threshold Wednesday, which saw the tender of 89.04% of Deutsche Börse shares under the offer of HLDCO123 PLC, according to a Deutsche Börse filing.
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Last week,a tendered offer of 75% of shares was reached, which represented an important hurdle for the merger between the two groups. The recent trending of shares is also welcome news given the recent skepticism surrounding the merger, namely in the aftermath of the Brexit referendum.
Despite ... (read more)