98% of Euronext shareholders approve NYSE deal

The $20 billion deal received 1.3 million votes against, while there were 800,000 abstentions. NYSE Group shareholders will hold a similar vote tomorrow. If they decide in favour and international regulators approve, the two companies will try to complete the merger in early 2007.

Yesterday the exchanges released a letter by Dutch finance minister Gerrit Zalm, saying he would not object to the plan provided there was no US regulatory “overspill” and local markets were represented on the new group’s management board.

Meanwhile, Euronext has signed an agreement to acquire 51% of London-based SecFinex, the European securities lending platform. It said SecFinex would remain a separate firm, and the deal would give clients easier access to the securities lending market.

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