NYSE, Deutsche Boerse Set to Merge

Posted July 14th, 2011 at 1:20 pm (UTC-5)
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The New York Stock Exchange is one step closer to getting a European owner.

Deutsche Boerse shareholders Thursday approved a proposed $10 billion merger with the New York exchange’s parent company.

NYSE Euronext shareholders approved the deal last week.

The new company would become the world’s largest stock exchange operator, running exchanges in Paris, Lisbon, Brussels, Amsterdam, Frankfurt and New York.

Deutsche Boerse officials have said the new, yet-to-be-named company would have headquarters in Frankfurt and New York even though Deutsche Boerse will control 60 percent of the new company’s shares.

The deal still requires final approval from U.S. and European regulators.