NEW YORK CITY (dpa-AFX) - Deutsche Börse AG and NYSE Euronext (NYX) announced that the holding company of the merged group, Alpha Beta Netherlands Holding N.V. or 'Holdco', will not pursue a takeover law squeeze-out under Section 39a and b of the German Securities Acquisition and Takeover Act of the remaining Deutsche Börse shares that were not tendered in the original exchange offer made by Holdco.
Under to Section 39c of the German Securities Acquisition and Takeover Act, shareholders who have not yet accepted the exchange offer made by Alpha Beta Netherlands Holding N.V. may elect to do so at unchanged conditions and exchange their shares for shares in Alpha Beta Netherlands Holding N.V. Such election has to be made within a period of three months after publication of the above acceptance rate of the exchange offer achieved by the end of the additional offer acceptance period of the exchange offer, i.e. until November 4, 2011.
In addition, the Companies also said that Holdco was not currently contemplating the implementation of a corporate squeeze-out under Section 327a et seq. of the German Stock Corporation Act, and that it was anticipated that Deutsche Börse would enter into a domination agreement.
The companies encouraged all holders of the untendered Deutsche Börse shares to tender their shares under the terms of the original offer. Shareowners who tender their shares into the original offer will be eligible to receive the one-time special dividend of EUR 2.00 per Holdco share from Holdco's capital reserves anticipated to be paid shortly after closing of the transaction, the company said
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