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Deutsche Boerse Still Needs More Votes for NYSE Euronext Mer
Deutsche Boerse Still Needs More Votes for NYSE Euronext Mer
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Deutsche Boerse Still Needs More Votes for NYSE Euronext Mer
Deutsche Boerse said today that it’s still well short of the minimum amount of shareholder votes it needs to approve a tender offer tied to the company's proposed merger with NYSE Euronext (NYSE:NYX), according to a New York Times article. With several hours to go until the deadline of today at midnight European time, 60.2% of outstanding shares supported the offer, versus the 75% required under German rules. Shares of NYSE Euronext are trading up 1.93% at $33.83. NYSE Euronext (NYSE:NYX) has a potential upside of 27.3% based on a current price of $33.83 and an average consensus analyst price target of $43.07.
Channel: Voxant Newsroom
Category: Business
Video Length: 0
Date Found: July 14, 2011
Date Produced: July 13, 2011
View Count: 1
 
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