Thursday August 11 2016

News Source: Global Exchanges

Focus: Other

Type: General




Deutsche Börse AG has announced that more than 75 percent of Deutsche Börse shares have been tendered under the exchange offer of HLDCO123 PLC (HoldCo) as at 16:00 hrs (CEST) on the 10th August 2016 and thus prior to the expiration of the additional acceptance period on 12 August 2016.

On 1 June 2016, HoldCo published its voluntary public takeover offer in the form of an exchange offer to the shareholders of Deutsche Börse for acquiring all registered no-par-value shares in Deutsche Börse AG.

Shareholders, who have not tendered so far, can still participate in the exchange offer, which has been recommended by the Management Board and Supervisory Board of Deutsche Börse. The additional acceptance period will expire on 12 August 2016, 24:00 hours (CEST). The final tender results of the exchange offer are expected to be published on 17 August 2016.

The transaction is still subject to a number of conditions including merger control clearance by the EU Commission as well as the approval by financial, securities and other regulatory authorities. As a result, Deutsche Börse and London Stock Exchange Group expect the transaction to close in the first half of 2017.

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