May 8, 2011
Will you vote for the deal if we change the name?
Over at DealBook, Steven Davidoff has a nice breakdown of the on-going battle for the New York Stock Exchange. Items covered include the relevance of: (1) the record date, (2) currency exchange rates, and (3) post-deal naming commitments ("Expect Deutsche Börse to allow the NYSE name to be preserved in some way to burnish its American-friendly stance."). The pending vote is scheduled for July 7, and Davidoff writes that:
I am not aware of any significant transaction in which shareholders approved a deal of a company engaging in a strategic combination that was also subject to a hostile bid.... But this could be the one in which shareholders decide to go with the current bid.