(RTTNews) - The supervisory boards of Germany's Deutsche Börse AG (DBOEF.PK: News ,DBOEY.PK: News ) and NYSE Euronext Inc. (NYX: News ) have approved a one-time special dividend of 2.00 euros per share to be paid by the holding company of their merged group, the two companies said Thursday. The boards of the two companies have also approved Deutsche Borse's purchase of the remaining stake in Eurex, which it owns jointly with Zurich-based SIX Group.
In mid-February, Deutsche Borse agreed to buy New York stock exchange parent, NYSE Euronext, for $9.53 billion in an all-stock deal to create the world's biggest stock and derivatives exchange.
The supervisory board of Deutsche Borse and the board of directors of NYSE Euronext said Thursday they have approved the two resolutions previously announced on June 7. One of the resolutions calls for a one-time special dividend to be paid by the merged entity's holding company Alpha Beta Netherlands Holding N.V., or Holdco shortly after closing of the merger.
Based on the share exchange ratios agreed under the merger deal, the planned distribution translates into a special dividend of 2.00 euros for every Deutsche Borse share that is tendered in the current exchange offer and a special dividend of 0.94 euros or $1.37 per NYSE Euronext share. The total dividend amount paid out by Holdco is expected to be about 620 million euros or $904 million, assuming 100 percent acceptance by Deutsche Borse shareholders in the current exchange offer.
The cash distribution will be paid from Holdco's capital reserves and requires approval of the board of directors of Holdco following closing of the merger.
News 
Market Data 
Discover 
