Deutsche Boerse lowers key hurdle for merger with LSE
Deutsche Boerse
Frankfurt - Arab Today
The Frankfurt stock exchange said Monday that it has decided to lower a key hurdle for its planned merger with the London Stock Exchange (LSE) to go ahead and also extend the dateline for its shareholders to agree to the deal.
Deutsche Boerse said that only 60 percent of shareholders must now agree to swap their shares for the deal to go ahead, instead of the original minimum acceptance threshold of 75 percent.
In addition, the deadline for Deutsche Boerse shareholders to swap their shares for new shares in the merged company had been extended from July 12 until July 26, the group said in a statement.
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Paris - Emiratesvoice
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Beirut - NNA
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Paris - Emiratesvoice
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Taipei - Emiratesvoice
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Paris - Emiratesvoice
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to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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