Shareholder revolt topples chiefs at Deutsche Boerse
Article Abstract:
Prominent financial industry executives Werner Seifert and Rolf Breuer have been asked to step down from their respective positions as chief executive and chairman at Deutsche Borse AG. Their departures follow a campaign led against the German stock-exchange operator by British and American fund managers in the wake of the company's failed bid to acquire the London Stock Exchange PLC. Spearheading the investor campaign were The Children's Investment Fund Management L.L.P. and Atticus Capital.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
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Nasdaq withdraws its bid for LSE
Article Abstract:
The Nasdaq Stock Market Inc. of the United States has withdrawn its takeover offer of $4.2 billion for the London Stock Exchange PLC of the United Kingdom. There was concern the bid was too high. It is the third acquisition bid for the London Stock Exchange PLC that has been turned away in 18 months.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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Euronext finds a clearing
Article Abstract:
Euronext N.V.'s bid for the London Stock Exchange may create the world's second-biggest stock market after the New York Stock Exchange. Still waiting to hear from shareholders.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
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