Italian Exchange: Monte Titoli Shareholders Accept Borsa Italiana's Offer

As of July 15 Borsa Italiana's offer to Monte Titoli shareholders for the acquisition of the entire capital had received acceptances representing 94% of Monte Titoli's capital. This is in addition to Borsa Italiana existing shareholding of 4,1%.

Borsa Italiana's offer was in cash or new shares. Over half of Monte Titoli's shares are expected to be exchanged for new Borsa Italiana stock. The remainder will be exchanged for cash.