Advising Banks See Merger Terms Acceptable For Deutsche Boerse Holders
15 Maggio 2011 - 5:42PM
Dow Jones News
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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