BY ULRIKE DAUER

FRANKFURT—German exchange operator Deutsche Börse AG Wednesday said more than 95% of shares had been tendered in favor of its planned tie-up with NYSE Euronext, removing a major potential obstacle to a deal that would create the world’s largest cash equities and derivatives-trading platform.

The exchanges hope to complete the merger by the end of this year, but further hurdles remain. Regulatory approval in a number of jurisdictions is still required, and the European …

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