Based on the declarations of acceptance booked and/or submitted so far by custodian banks for the offer from Alpha Beta Netherlands Holding NV to shareholders of Deutsche Börse AG in connection with the planned combination of Deutsche Börse with NYSE Euronext the minimum acceptance threshold of 75 per cent has been exceeded (completion conditions pursuant to section 14.1 (a) of the offer document published on 4 May 2011). The preliminary acceptance rate currently stands at above 80 per cent.
The preliminary acceptance rate can either rise further or fall depending on instructions that were submitted on time but have not yet been recorded (which may also include exercised withdrawal rights).
The final number of Deutsche Börse shares tendered under the offer during the acceptance period will be published pursuant to section 23 para. 1 sentence 1 no. 2 of the German Securities Acquisition and Takeover Act (WpÜG) as soon as confirmation of the final outcome has been obtained.
Davidson Kempner's research led approach
Partner and Head of Research at Davidson Kemper, Suzanne Gibbons, on building a global research function, embedding AI, and capitalising on…
More
Brevan Howard Digital's CIO on what it actually takes to run digital assets
Chris Rayner-Cook is clear about what running digital assets actually asks of a manager, and it is less about the instruments than most…
More
Where deep modelling meets mortgage credit
Greg Valli has been part of two of the three decades of Ellington Management Group. During that period, the firm has enjoyed a rapid rise…
More