Euronext and New York Stock Exchange (NYSE) have set respective dates of 19 and 20 December to provide forums for shareholders to vote on the exchanges' prospective "merger of equals". Euronext would require a simple majority approval but NYSE would need at least two thirds of votes cast to be in favour of the deal.
Euronext said that its supervisory board had scheduled an extraordinary general meeting of shareholders for 19 December in Amsterdam to "approve the combination agreement with NYSE Group and the transactions contemplated therein".
On Wall Street the following day NYSE stockholders would also be given the chance to vote on the deal. The exchange issued a formal agenda and a shareholder circular containing all relevant information concerning the combination with Euronext.
In a letter to shareholders accompanying that prospectus, NYSE CEO John Thain said, "Upon completion of the combination and assuming that all of the outstanding...