Shareholders of International Securities Exchange (ISE) voted to approve the merger agreement of ISE and Eurex which, upon completion, will create the leading transatlantic derivatives marketplace.
At a special shareholders meeting in New York, 99.7 percent of the stockholders who voted were in favour of the agreement. More than 67 percent of eligible shares were voted. Under the terms of the agreement, Eurex will pay ISE shareholders USD 67.50 in cash for each ISE share held. The combination will be implemented by way of a merger between ISE and a subsidiary of U.S. Exchange Holdings Inc., itself a Eurex subsidiary.
“The result of today’s extraordinary general meeting marks an important step towards the anticipated creation of the leading transatlantic derivatives marketplace,” says Eurex CEO Andreas Preuss.
The affirmative shareholder vote on Friday and antitrust clearance by the US Department of Justice obtained already in May satisfy two conditions to the closing of the transaction.