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NEX Group shareholders approve $5.5B merger with CME Group


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NEX Group shareholders approve $5.5B merger with CME Group

Shareholders of the electronic trading company NEX Group PLC voted to approve the company's $5.5 billion merger with U.S. derivatives trading firm CME Group Inc.

Over 75% of shareholders, by value of votes cast, were in favor of the deal, according to a May 18 filing. During both the court meeting and the general meeting, more than 99% of total NEX shares voted to approve the deal.

Under the deal, CME would pay 500 pence in cash and issue 0.0444 shares for each Nex share held.

The merger, scheduled to close in the second half of 2018, awaits antitrust approvals from regulators in the U.S., U.K., Hong Kong, Germany, Italy and Sweden.