London Stock Exchange, Deutsche Boerse agree to mega merger

|About: Deutsche Boerse AG ADR (DBOEY)|By:, SA News Editor

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)

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