of the London Stock Exchange have approved its £1.6-billion- ($3.3 billion
/ Rs13,068.8 crore) takeover of fellow stock market operator Borsa Italiana. LSE''s
parent firm, held a special shareholder meeting, to ratify the deal after it had
been approved by by Borsa Italiana''s investors last week.
Furse, LSE''s chief executive, said the vote reflected the rationale of the deal
as "Borsa Italiana and the (London Stock) Exchange are highly complementary
and the merger will create considerable value for both our customers and our shareholders,"
Fuse has successfully
maintained shareholder approval as she repeatedly fended takeover attempts from
expects to complete the transaction by October, if the European Competition Commission,
the competition regulator, approves the deal that would create the largest trading
market for shares in Europe.