Shareholders in German stock exchange operator Deutsche Boerse have accepted the firm's planned merger with the London Stock Exchange by a large majority, the company said in a statement Wednesday. Deutsche Boerse said investors holding 89 percent of its capital had agreed to the deal by August 12 - a sign of "clear support" for the merger, chief executive Carsten Kengeter said.
Shareholders with 63 percent of the firm's capital had already backed the merger by a late July deadline, before the offer was extended for another two weeks. The European Commission and national market authorities must green-light the merger before it can go ahead.