NYSE, d. Boerse to pay dividends, the end investor suits (Reuters)

NEW YORK (Reuters)-NYSE Euronext (NYX.N) and Deutsche Boerse AG (DB1Gn.DE) has agreed to pay about $ 900 million of dividends to resolve the causes of challenging them about U.S. shareholder 10 billion dollar merger to create the largest exchange operator in the world.

According to an agreement filed on 17 June with the Delaware Chancery Court, companies would pay shareholders 2 euros (US $ 2.85) for exceptional action of holding combined after the completion of the planned merger.

The agreement requires the approval of the Court, and would end shareholder lawsuits in New York and Delaware State courts. Reflects essentially the special dividend that the company announced on 7 June, and that would be paid once a merger closes.

Shareholders had sued by NYSE Euronext shortly after that company announced its planned sale to his German counterpart in February. They complained that the purchase price was too low, and that the company should have courted the other tenderers.

Under the agreement, denied wrongdoing, Exchange and shareholders settled to avoid constant delays and uncertainties of litigation.

The company should operate in the United States and Europe. Shareholders of Deutsche Boerse would own about 60 percent.

NYSE Euronext shareholders are scheduled to vote on the merger on July 7. Deutsche Boerse shareholders have until 13 July to tender their shares. A closure is scheduled by the end of the year.

The cases are In re: NYSE Euronext shareholders litigation, Delaware Chancery Court, no. CA6220; and In re: NYSE Euronext shareholder litigation, New York State Supreme Court, New York County, n. 773000/2011.

(1 euro = $ 1,427)

(Reporting by Jonathan Spicer and Jonathan Stempel, editing by Bernard Orr)

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