Börse Shareholders Oppose LSE Bid | Business| Economy and finance news from a German perspective | DW | 25.02.2005
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Börse Shareholders Oppose LSE Bid

Two large shareholders in Deutsche Börse, operator of the Frankfurt stock exchange, on Friday formally declared themselves against the group's takeover bid for the London

Stock Exchange (LSE). Investment funds Fidelity Investments and Atticus Capital, who respectively hold 6.0 and 5.1 percent of Deutsche Börse, said they were both opposed to the €2.0-billion ($2.64-billion) bid. Atticus director David Slager told the French daily newpaper La Tribune the takeover plan "compromises the long-term value of the Börse (stock exchange)" while Fidelity said late Thursday it "does not support the bid."

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