NEW YORK CITY (dpa-AFX) - IntercontinentalExchange (ICE) announced that its stockholders approved ICE's acquisition of NYSE Euronext Inc. (NYX), with about 99.68% of the shares present at ICE's special meeting voted for the approval of the combination, representing 85.05% of ICE's outstanding common shares.
All other proposals passed with an average of 97% of the shares present at the special meeting voting for each of the governance-related proposals and the adjournment proposal.
Completion of the combination is subject to approval by relevant competition and other regulatory authorities in the U.S. and Europe, as well as customary closing conditions.
In a separate prelease, NYSE Euronext announced that its shareholders have approved the acquisition of the Company by IntercontinentalExchange.
The proposal, which required approval by a majority of the outstanding shares, was approved at a special shareholders meeting held today in New York. Based on preliminary results, approximately 99% of the shares present at the special meeting voted for the approval of the combination, representing approximately 64% of NYSE Euronext's outstanding common shares. The proposals relating to executive compensation and adjournment were also approved with approximately 85% and 90%, respectively.
In December, ICE agreed to acquire NYSE Euronext, the parent of the New York Stock Exchange, for about $8.2 billion.
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