 Euronext manages stock markets across Europe |
Shareholders in the New York Stock Exchange have approved a 10.9bn euro ($14.3bn; �7.3bn) plan to merge with Paris-based markets operator Euronext. Nearly all of NYSE Group shareholders who voted approved the proposed tie-up, according to preliminary results, with three-quarters of shareholders voting.
The move clears the way towards forming the first trans-Atlantic bourse.
Shareholders in Euronext, which manages the Paris, Amsterdam, and Brussels markets, approved the plan on Tuesday.
The deal still has to be approved by European market regulators and the Dutch Finance Ministry, the US Securities and Exchange Commission and French authorities.
The NYSE had made concessions on the make-up of the combined firm's board and gave regulatory guarantees, to ease European fears about the tie-up.
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.
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