Deutsche Boerse AG ADROTCPK - Current
Thu, Nov. 24, 4:25 AM
- The finance chief of Deutsche Boerse (OTCPK:DBOEY) is warning that global rivals will become dominant if the German group's planned $28B merger with the London Stock Exchange (OTCPK:LNSTY) was blocked by European regulators.
- "The Americans will sit down together with the Chinese to regulate the market," Gregor Pottmeyer said at an industry event in Frankfurt.
Thu, Oct. 27, 5:43 PM
Fri, Jul. 29, 12:31 PM
- Deutsche Boerse (OTCPK:DBOEY -1.1%; OTCPK:DBOEF +1%) says the acceptance for its $27B offer to merge with the London Stock Exchange (OTCPK:LDNXF, OTCPK:LNSTY -0.2%) hit a level of 63.65% as it expired.
- That level is over the 60% required for the deal.
- Deutsche Boerse says that shareholders who hadn't yet tendered stock by Tuesday's deadline could tender shares in an extended acceptance period, set to run out Aug. 12.
Wed, Jul. 27, 5:43 PM
Mon, Jul. 11, 4:02 AM
- Deutsche Boerse (OTCPK:DBOEF) is considering cutting the acceptance threshold for its merger with London Stock Exchange (OTCPK:LDNXF) in an effort to ensure the deal goes through.
- The German exchanges operator's shareholders have until tomorrow to decide whether or not to tender their shares.
- Deutsche Boerse had originally set itself a target of securing more than 75% of its stock, but may now cut that level to 60% to allow index funds to participate.
Wed, Jul. 6, 4:24 AM
- Deutsche Boerse (OTCPK:DBOEF) has signaled the company to be created from its planned merger with the London Stock Exchange (OTCPK:LDNXF) may be headquartered outside of the U.K. following the Brexit vote.
- A referendum committee, involving representatives of both partners, will assess all regulatory and commercial goals aimed at getting the transaction approved, Deutsche Boerse said in a statement.
Mon, Jul. 4, 4:52 AM
- London Stock Exchange (OTCPK:LDNXF) shareholders are expected to approve a $27B merger with Deutsche Boerse (OTCPK:DBOEF) today despite renewed uncertainty following the Brexit vote.
- The two exchanges insisted that their all-share merger to create the world's biggest bourse by revenue was essentially "Brexit proof," but Germany's markets watchdog cast a shadow over the deal last week.
- Although BaFin cannot veto the tie-up, its concerns are likely to be taken seriously by Deutsche Boerse and the German state of Hesse (which has veto power along with the EU's competition unit).
- Update: LSE shareholders have voted 99.89% in favor of the deal.
Fri, Jun. 24, 4:31 AM
- Despite Britain's vote to leave the EU, the London Stock Exchange (OTCPK:LDNXF) and Deutsche Boerse (OTCPK:DBOEY) are vowing to press ahead with their $30B merger.
- The exchanges said the outcome of the referendum did not change the strategic rationale of the combination and they would continue to seek regulatory approval for it.
Thu, Jun. 2, 3:30 AM
- 1,250 jobs are likely to be cut as part of the London Stock Exchange's (OTCPK:LDNXF) planned merger with Deutsche Boerse (OTCPK:DBOEY), according to the prospectus issued to shareholders of both firms which gave details of the $30B deal.
- The targeted cuts form part of an annual savings goal of €450M by 2019.
- LSE shares have leapt almost 17% since rumors of the deal were first leaked in late February. Deutsche Boerse is meanwhile up around 4%.
Fri, May 13, 5:15 AM
- Euronext CEO Stephane Boujnah has commented on the LSE (OTCPK:LDNXF)-Deutsche Boerse (OTCPK:DBOEY) merger deal, saying that large scale transactions usually take longer than expected and never end as initially planned.
- The exchange is eyeing assets that could possibly come up for sale due to the "transformational" tie-up, and stated that other independent exchanges could consider strategic opportunities.
Mon, May 2, 10:50 AM
- London Stock Exchange (OTCPK:LDNXF) had been expected to hold a special meeting to approve its merger with Deutsche Boerse (OTCPK:DBOEY) ahead of the U.K.'s June 23 EU referendum.
- Deutsche Boerse, however, still needs to file a full set of merger documents with German regulators, a tricky process which looks like it cannot be completed before that date.
- Not wanting to ruffly any regulatory feathers, LSEG is now mulling delaying the special meeting until the proper documents have been filed, reports Reuters.
- If so, it would give ICE more time to put together a rival bid.
- Supporters of the Deutsche effort say ICE has too high of a debt load to put together a killer bid, especially after paying $5.2B late last year for data firm IDC. There's also the question of how attractive a purchase would be if a Brexit goes through.
Thu, Apr. 28, 1:02 AM
- Deutsche Boerse AG ADR (OTCPK:DBOEY): Q1 EPS of €1.10
- Revenue of €762.6M (+10.0% Y/Y)
Mon, Apr. 18, 2:07 AM
- A British vote to leave the EU could be a threat to any rival bidder from the U.S. for the London Stock Exchange (OTCPK:LDNXF) but would not undermine the planned $30B merger between Deutsche Boerse (OTCPK:DBOEY) and LSE, the German exchange's finance chief declared.
- "The merger makes sense regardless of Brexit. That is why it is not a risk for us," Gregor Pottmeyer said in an interview with Euro am Sonntag.
Mon, Apr. 11, 5:10 AM
- Opposition is growing in Germany to Deutsche Boerse's (OTCPK:DBOEY) planned $20B tie-up with London Stock Exchange (OTCPK:LDNXF), amid mounting concerns about the merged entity if Britain votes to leave the EU.
- Many want the exchange to be headquartered in Frankfurt instead, to reflect Deutsche Borse's larger market capitalization, as well as the city's status as home to the ECB and center of the euro's settlement, clearing and payments.
Wed, Mar. 16, 3:40 AM
- London Stock Exchange (OTCPK:LDNXF) and Deutsche Boerse (OTCPK:DBOEY) have agreed to an all-share merger, creating Europe's largest securities-markets operator worth more than $30B.
- Under the deal, a new U.K. company will be formed - UK TopCo - of which 45.6% will be held by LSE shareholders and Deutsche Boerse investors owning the rest.
- LSE Chairman Donald Brydon will be appointed chairman of the combined group, while Deutsche boss Carsten Kengeter will become CEO.
- Previously: Details surface for LSE-Deutsche Boerse merger (Feb. 26 2016)
Wed, Mar. 9, 4:55 PM
- Nasdaq (NDAQ +0.8%) has agreed to acquire International Securities Exchange from Deutsche Boerse (OTCPK:DBOEY), for $1.1B.
- Shares were halted for the news.
- The deal's expected to close in the second half of the year. ISE operates three electronic options exchanges -- ISE, ISE Gemini and ISE Mercury -- that serve as venues for more than 15% of trading in U.S. options.
- With those, Nasdaq would have six exchanges handling 38% of U.S. volume, taking the market lead from CBOE.
- Nasdaq says the deal will be accretive to earnings within 12 months of closing, and it doesn't expect material impact on leverage or capital return strategy.
- Nasdaq says it will fund the deal with a mix of debt and cash on hand.
- Deutsche Boerse has been facing a head-to-head bid battle with Intercontinental Exchange for the London Stock Exchange.