NYSE shareholders vote for Deutsche Boerse merger

AP News
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Posted: Jul 07, 2011 10:05 AM
NYSE shareholders vote for Deutsche Boerse merger

NYSE Euronext's shareholders have approved its merger with the German exchange operator Deutsche Boerse.

The New York exchange held a special shareholders' meeting Thursday morning, where 96 percent voted in favor of the deal. The votes represent 66 percent of NYSE Euronext's total shares.

The deal must still be approved by 75 percent of Deutsche Boerse's shareholders by July 13.

Deutsche Boerse AG said in February that it would buy the parent company of the New York Stock Exchange for $10 billion, creating the world's largest exchange operator. Deutsche Boerse runs the Frankfurt Stock Exchange, while NYSE Euronext owns bourses in Paris, Lisbon, Brussels and Amsterdam, in addition to New York Stock Exchange.