NYSE Euronext Wins 91.4% of Euronext Shares
Transatlantic exchange operator NYSE Euronext's bid for Euronext shares has been accepted by holders of 91.42% of the Paris-based group's shares, French market watchdog AMF said on Tuesday.
"The minimal level fixed by NYSE Euronext, of 50% of the fully diluted share capital, has been met. The offer will have a positive outcome," AMF said in a statement. The final outcome is due on March 30 at the latest.
NYSE Euronext had launched an exchange offer for all outstanding shares of Euronext, the operator of the Paris, Amsterdam, Brussels and Lisbon bourses, on Feb. 15 after U.S. securities regulators approved the $14-billion merger.
The share offer closed on March 21.
Under the terms of the merger deal with NYSE Group , the combined group offered 0.98 new NYSE Euronext shares plus 21.32 euros in cash for each Euronext share.