Monday, 4 July 2016

The Stock exchange merger deal being voted on today

Shareholders in the London Stock Exchange (LSE) are voting today on the proposed $27Bn merger with Deutsche Boerse, the German equivalent amid fears the deal may eventually be blocked by the German state of Hesse.

Hesse is the location of Deutsche Boerse in Frankfurt and they and the German financial regulators are said to be unhappy that the massive Stick exchange that they will become 56% owners of will not be located in the EU after Brexit.

Reuters has the full story HERE

Update:  The LSE shareholders voted 99.9% in favour of the merger.

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