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Deutsche Börse lowers tender offer to save LSE deal

German exchange operator now requires that shareholders tender 60% rather than 75% of their stock

Deutsche Börse lowers tender offer to save LSE deal

Deutsche Börse decided to lower the minimum acceptance threshold needed for its proposed €25 billion ($27.75 billion) merger with London Stock Exchange Group, confirming an earlier report from The Wall Street Journal.

The operator of the Frankfurt stock market said on Monday that it now requires that shareholders tender 60% of their stock in contrast with the original takeover terms in which at least 75% of the shares needed to be exchanged for new shares in the merged company.

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