Hesse State not to decide on Boerse-NYSE before Q4

FRANKFURT, June 10 (Reuters) – Deutsche Boerse’s, regulator said it did not expect a decision to approve the tie-up with NYSE Euronext to be reached before the fourth quarter.

The State of Hesse’s economy ministry, which grants the operating license to the stock exchange, has yet to give the $10 billion merger its blessing.

“At the moment we have not received all the relevant documents. A decision is not to be expected before the fourth quarter,” a spokesman for the ministry said in an e-mailed statement.

The ministry earlier had said it would seek to preserve the interests of Frankfurt as a financial centre when it reviews the merger plans.

NYSE’s chief executive Duncan Niederauer earlier this month urged shareholders to back Boerse’s bid next month, even though regulatory approval would still be pending.

NYSE shareholders are scheduled to vote on July 7 on the transatlantic tie-up that will create the world’s largest exchange operator. Deutsche Boerse shareholders have until July 13 to tender their shares.

Last month, Nasdaq OMX Group Inc and IntercontinentalExchange withdrew their hostile $11.3 billion bid for NYSE, citing opposition from U.S. antitrust regulators.

On Tuesday Boerse and NYSE unveiled a 2 euro per share special dividend to persuade shareholders to accept the deal, which they still expect to close by the year-end (Reporting by Kerstin Leitel, writing by Harro ten Wolde; Editing by Hans Peters)