Friday June 24 2016
News Source: Global Exchanges
Focus: Other
Type: General
Country: International
Link: http://deutsche-boerse.com/blob/2628220/859a7a421ef64ee8e02bad25f63dd35b/data/Press_Release-1.pdf
On 24th June 2016, Deutsche Börse AG and London Stock Exchange Group plc note the result of the UK Referendum which recorded a majority of votes in favour of leaving the European Union.
As stated in the shareholder documents published on 1 June 2016, the recommended all share merger of LSEG and Deutsche Börse is not conditional on the outcome of the Referendum. The LSEG Board and the Deutsche Börse Management Board remain fully committed to the agreed and binding merger terms, and continue the process of obtaining the necessary approvals.
The Boards believe that the outcome of the Referendum does not impact the compelling strategic rationale of the merger. The Boards further believe that the Combined Group’s capabilities, including global reach, distribution network across Europe, Asia and America, brand strength, financial resources and deep customer relationships, remain well positioned to serve global customers irrespective of the result of the Referendum.
Click on the link above for further details.