The exchange sector heated up at the end of February as Deutsche Boerse and London Stock Exchange Group revealed that they were in discussions about a potential merger of equals. The deal is structured as an all-share merger under a new holding company, where Deutsche Boerse shareholders would receive 1 share in the holding company per 1 Deutsche Boerse share held and London Stock Exchange Group shareholders would receive 0.4421 shares in the holding company per London Stock Exchange Group share. This gives Deutsche Börse shareholders a 54.4% stake in the united market operator.
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