Complex sentence: A merger of the YN&BR with the LNR and the nearby York & North Midland Railway was proposed, eventually accepted by LNR shareholders and by Royal Assent on 31 July 1854 the three companies merged to become the North Eastern Railway.
Split into simpler sentences: A merger of the YN&BR with the LNR and the nearby York & North Midland Railway was proposed, and eventually accepted by LNR shareholders. By Royal Assent on 31 July 1854 the three companies merged to become the North Eastern Railway.