The offer was subject to a minimum acceptance quota of 95 percent, the result was well over that. The Supervisory Board of Deutsche Börse had unanimously agreed to the transaction on December 10. Moreover, the Federal Cartel Office had conveyed in the meantime that from the standpoint of anti-trust law, no objections were raised against the takeover. Therefore, all conditions have been met for the deal to be completed. The deal is being done against cash and has a size of up to some 110 million euros. Part of the purchase price is tied to reaching certain economic goals in the future.
The merger of Deutsche Börse Systems and entory combines two successful, complementary business models into one IT service provider who offers the design, implementation and operation of innovative solutions for the financial services industry from a single source. The combination will create one of the biggest German IT providers of integrated solutions for the financial services industry. Deutsche Börse is using the takeover to bring its growth strategy in the IT sector a decisive step forward.
