By Andrea Hotter
London Metal Exchange shareholders will vote in July on a 1.388
billion pound ($2.154 billion) bid from Hong Kong Exchanges and
Clearing Ltd. (0388.HK).
If all of the category one and two members of the LME that hold
ordinary shares in the exchange vote in favor of a deal, it would
go ahead with a 78% majority. A 75% majority of shares, plus votes
from 50% of members, is required for the deal to be successful.
Of the LME's 92 members, the following 34 entities hold ordinary
shares and are category one and two members, or have a parent that
is a category one or two member. Several companies in the same
membership category only hold B shares in the exchange, which
entitle them to trade but not to vote. They are not listed
below.
Cat 1 or 2 Member Stake in LME
JP Morgan* 10.8%
Goldman Sachs 9.53%
Metdist** 9.39%
UBS 4.26%
Sucden 2.80%
Newedge 2.79%
Commerzbank 2.55%
Mitsui*** 2.41%
AMT 2.32%
Barclays 2.32%
BGC Brokers 2.32%
BNP Paribas 2.32%
Citigroup 2.32%
Credit Agricole 2.32%
Deutsche 2.32%
Koch Metals 2.32%
Macquarie 2.32%
Marex 2.32%
Merrill Lynch 2.32%
Morgan Stanley 2.32%
SocGen 2.32%
Toyota 2.32%
Triland 2.32%
ABN Amro 2.13%
RBC Capital 2.03%
Credit Suisse 1.93%
HSBC 1.93%
Jeffries Bache 1.93%
Natixis 1.93%
Standard Bank 1.93%
ADM 1.41%
INTL FC Stone 0.39%
Scotiabank 0.23%
Fortis 0.19%
*Includes JPMorgan Metals Ltd., JPMorgan Markets Ltd. and
JPMorgan Securities
Ltd.
**Includes Metdist Ltd. and Metdist Trading Ltd.
***Includes Mitsui Bussan Commodities and Mitsui & Co Europe
PLC.
Write to Andrea Hotter at andrea.hotter@wsj.com