NYSE Euronext Gets Shareholder Support of Deal of Deutsche B

July 15, 2011

In an announcement on Thursday, Deutsche Boerse got enough of shareholder support to clinch its $9B merger with NYSE Euronext (NYSE:NYX) following a collection of more than 80% of its outstanding shares in a tender offer.Because of the triumph of the tender offer, Deutsche Börse and NYSE Euronext cleared one of athe largest obstacles to their merger that would generate an original international stock market operator with big presences in stock, options and derivatives trading.Although the two exchanges still needs to acquire regulatory approval, a long procedure that is not likely to finish until next year. Both companies' legal teams have been working effective closely with European antitrust officials, who are likely to directly examine the deal since the merger would join two of the Continent's biggest derivatives platforms.NYSE Euronext has a potential upside of 27% based on a current price of $33.91 and an average consensus analyst price target of $43.07.