82.4% Deutsche Boerse AG Shreholders Backed $9 Billion Merge

July 16, 2011

An estimated final count of 82.4% Deutsche Boerse AG shareholders backed its $9 billion merger with NYSE Euronext (NYSE:NYX).The deal, payable as a merger of equals in part because NYSE Euronext Chief Executive Duncan Niederauer would be CEO of the combined company, would however give the German bourse 10 of 17 directors and its shareholders 60 percent of the yet-to-be-named Dutch holding company.Additional hurdles are ahead in the structure of a sharp European Commission antitrust review that could run through the rest of the year, along with needed approvals from national regulators in Europe and the United States.NYSE Euronext has a potential upside of 26.1% based on a current price of $34.16 and an average consensus analyst price target of $43.07.