RELX PLC (LSE:REL) made a proposal to acquire RELX NV (ENXTAM:REN) from a group of shareholders for €15.4 billion on February 15, 2018. Under the terms of the deal, RELX NV shareholders will receive one new RELX PLC share in exchange for each RELX NV share held. The changes do not impact the economic interests of any shareholder, and in particular, ownership, dividend and capital distribution rights are unaffected. RELX PLC will continue to have a premium listing on the London Stock Exchange, and will be applying for an additional listing of RELX PLC shares on Euronext Amsterdam. Existing RELX PLC ADRs will continue to be listed on the New York Stock Exchange. RELX NV ADRs will be exchanged for RELX PLC ADRs and will be applying for a listing of the newly issued RELX PLC ADRs. As a result of the deal, RELX NV will be dissolved without going into liquidation and cease to exist. As announced on May 9, 2018, RELX PLC and RELX NV have adopted the Common Draft Terms of Merger. The simplification is subject to certain conditions, including the approval of both RELX PLC and RELX NV shareholders. For RELX PLC, implementation will require a majority of 75% by value and a majority in number of voting shareholders. For RELX NV, implementation will require a majority by value of voting shareholders, or a two thirds majority in the event that less than 50% of shareholders by value participate in the vote. The transaction is further subject to court approvals and admission approval of new RELX PLC shares from U.K. Listing Authority, London Stock Exchange and Euronext Amsterdam N.V. RELX PLC Court Meeting and the RELX PLC General Meeting both will be held on June 27, 2018. RELX NV EGM to be held on June 28, 2018. The Boards of RELX PLC and RELX NV unanimously recommend that the shareholders vote in favor of the resolutions to be proposed at the RELX PLC Shareholder Meetings and the RELX NV EGM. As of June 27, 2018, the transaction is approved by the shareholders of RELX PLC. As of June 28, 2018, the transaction was approved by the shareholders of RELX NV in its Extraordinary General Meeting. The deal was approved by High Court of Justice in England and Wales on August 17, 2018. The effective date of the simplification will be September 8, 2018. The changes will be cost and profit neutral, before and after tax. Mark Brod of Simpson Thacher & Bartlett LLP, Lodewijk Hijmans van den Bergh, Reinier Kleipool, Paul Sleurink, Lodewijk Hijmans van den Bergh, Reinier Kleipool, Paul Sleurink, Casper Nagtegaal and Olga Konsek of De Brauw Blackstone Westbroek N.V. and Freshfields Bruckhaus Deringer LLP acted as legal advisors to RELX NV and RELX PLC. UBS Limited acted as financial advisor to RELX NV and RELX PLC. Ernst & Young LLP acted as accountant to RELX PLC. Ernst & Young Accountants LLP acted as accountant to RELX NV. Mazars Paardekooper Hoffman N.V. acted as independent expert and accountant to RELX NV. BDO LLP acted as independent expert to RELX PLC. PwC acted as accountant to RELX NV.