Deutsche Boerse shareholders to vote on LSEG merger in July

LSEG and Deutsche Boerse merger continues to make progress as revised shareholder documents are to be published next month.

London Stock Exchange Group (LSEG) and Deutsche Boerse have announced shareholders of the both exchanges will vote on the share distribution of the merger in July.

The announcement gave an update on the timeline of the merger, stating the revised shareholder documents are to be published in June.

LSEG and Deutsche Boerse “continue to make good progress with the preparation of the relevant documentation for their shareholders”, the joint statement said.

LSEG recently denied claims from Intercontinental Exchange (ICE) chief executive officer, Jeffrey Sprecher that is refused to hold proposed merger talks.

It was initially believed that ICE would make a counter-bid, but LSE explained: “at no time has ICE made an approach to LSE with a possible proposal or details of any such possible proposal.”