Deutsche Boerse will acquire ISS: Reuters

Deutsche Boerse, the Frankfurt stock exchange operator, will acquire a majority stake in Institutional Shareholder Services Inc, reported Reuters.

Deutsche Boerse, the Frankfurt stock exchange operator, will acquire a majority stake in Institutional Shareholder Services Inc, reported Reuters. The news wire noted that the deal puts ISS at a valuation of $2.3 billion. According to the terms of the agreement, Deutsche Boerse will acquire an 80 percent stake in ISS while the corporate governance advisor’s management and existing backer Genstar Capital will retain a 20 percent stake in the business.

Source: Reuters