Deals
LSE and Deutsche Boerse May Go Dutch to Win Over Regulators
- Firms may need to explore options to get nod from regulators
- Brexit has made clearing, headquarters, politics more complex
LSE Shareholders Approve Deutsche Boerse Deal
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London Stock Exchange Group Plc shareholders approved Deutsche Boerse AG’s acquisition of the 300-year-old exchange Monday in a near-unanimous vote. That was the easy part.
About 99.9 percent of shareholders voted in favor of the deal, according to a statement from the company. Still, the deal, thrown into doubt by the U.K.’s decision to leave the European Union, has been getting push back from German regulators who don’t want the combined exchange to be based in London. A compromise may mean moving the new company’s location outside of the U.K. to obtain approval for the merger, people familiar with the matter said.