LSE and Deutsche Borse to meet after EU referendum to vote on £20bn merger
Shareholders in the London Stock Exchange (LSE) and Deutsche Borse are understood to be planning to meet after the EU referendum to vote on their proposed £20 billion merger.
It is expected that investors in the LSE will receive a deal prospectus within weeks and an extraordinary general meeting (EGM) will then be called to vote on the deal, according to sources close to the situation.
The two exchanges have previously said the deal is Brexit-proof, but have opted to wait until after the vote on June 23 to allow shareholders to digest any potential implications.
The exchanges have previously said that the "outcome of the referendum would not be a condition of the potential merger".
Last week the merger was boosted when the owner of the New York Stock Exchange, the Intercontinental Exchange (ICE), said that it will not pursue a takeover of the London Stock Exchange (LSE).
The move paves the way for an all share merger between LSE and Deutsche Borse, which ICE had threatened to gatecrash.
In March, ICE said it was mulling a takeover of LSE, with a bidding war with Deutsche Borse widely expected to follow.
LSE chief executive Xavier Rolet has made no secret of his preference for a tie-up with Deutsche Borse, although the deal still faces regulatory scrutiny.
Deutsche Borse declined to comment.