 Euronext will have equal representation on the firm's board |
Shareholders of Euronext, the European stock market operator, have approved its 10.9bn-euro ($14.3bn) takeover by the New York Stock Exchange (NYSE). At a meeting in Amsterdam, Euronext investors overwhelmingly voted in favour of the takeover.
Unease about the deal has largely petered out after NYSE made concessions on the make-up of the combined firm's board and gave regulatory guarantees.
Euronext manages the Paris, Amsterdam, Brussels and Lisbon stock markets.
Euronext shares rose by 3% after shareholders backed the tie-up, which will create a business with a market value of $21bn.
NYSE shareholders will vote on the deal on Wednesday. It must also be cleared by the European Commission and the Dutch government.
Dutch ministers have said they expect to approve the deal, while seeking assurances that European markets will not be burdened with additional regulation as a result.
Fellow US market operator Nasdaq recently launched a $5.3bn hostile bid for the London Stock Exchange (LSE) after the latter rejected its takeover approach.
One-Minute World News 
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