Jul 26, 2012 12:03 PM

LME Holdings' Shareholders Approve HKEx Deal


Hong Kong Exchanges and Clearing Ltd. (HKEx) has won shareholder approval for its proposed 1.39 billion pound purchase of the London Metal Exchange (LME).

HKEx said on July 25 that ordinary shareholders of LME Holdings, the parent company of the world’s oldest metal exchange, approved "all the resolutions required in connection with the proposed scheme of arrangement to implement the acquisition."

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