Deutsche Boerse AG (DB1.XE) said Sunday that the banks advising the company and NYSE Euronext (NYX) on their planned merger have reviewed the share exchange terms and consider them acceptable for Deutsche Boerse shareholders.

In their "Fairness Opinions," banks J.P. Morgan Chase & Co., Deutsche Bank AG and Credit Suisse Group have reached the conclusion that the exchange ratio for Deutsche Boerse and NYSE Euronext of 60:40 is appropriate. Among other things, the banks examined the market value of the companies and their future earnings prospects.

The opinions serve as the basis for a recommendation from the executive and supervisory boards on the merger. For the deal to go through, 75% of Deutsche Boerse shareholders have to tender their shares by July 13, while NYSE needs a 50% majority and a formal vote on the deal at its July 7 shareholder meeting.

-By Eyk Henning, Dow Jones Newswires; +49 69 29725501; eyk.henning@dowjones.com

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