Percent Buy-in and Index Funds

percent: It has had to twice lower its hurdles, however, sinking its requirement at the start of the week from 75 percent and extending the deadline for investors to agree by two weeks, until July 26, according to Deutsche Welle. Many of its bigger index funds are only allowed to offer their shares after a majority of shareholders have already done so. This places it well on its way towards getting the 60 percent buy-in it requires to move forward with the fusion. Shares held by these funds represent about 15 percent of Deutsche Börse total, so it is now expected that the threshold will be quickly met. Better after Brexit The planned merger also got a thumbs-up from Germany central bank, the Bundesbank, by way of its board member Andreas Dombret. "It may sound odd at first, but such a merger makes more economic sense after Brexit," he said at an event in Frankfurt on Wednesday. LSE stockholders already gave their green light at the beginning of the month. (news.financializer.com). As reported in the news.