Deutsche Börse has received backing from holders of more than half of its shares for its planned €25 billion merger with the London Stock Exchange Group, clearing the path for index fund investors to begin tendering their shares in support of the deal.
The German group said on July 13 that by 13:00 BST that day, about 51% of Deutsche Börse shares had been tendered, according to a statement on a website for the merger. Allowing for treasury shares, that corresponded to about 53% of Deutsche Börse's shares.
