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The combination would have created the world's largest exchange operator.
Conner, the former telephone exchange operator, also forgave.
The combined exchange operator would be incorporated in the Netherlands, with directors given four-year terms.
Like Nasdaq, the London exchange operator called off a big deal earlier this year.
Mr. Swanson now serves as general counsel of BATS Global Markets, the stock exchange operator.
The German exchange operator must win the support of 75 percent of shareholders by July 13.
"I don't want to be a poetry telephone exchange operator," he wrote to Csokits.
The company's most recent prospectus disclosed that the exchange operator had expected to fetch $16 to $18 a share.
They have both built big stakes in OMX, a Nordic exchange operator, and the London Stock Exchange.
For months, the European Commission's antitrust office has raised concern about the creation of the world's biggest stock exchange operator.
But executives at the American exchange operator conceded that they have more work to do to complete the merger.
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