Fresh blow for D Borse bid LONDON 3RD EDITION
The LSE said it still believed it had two potential bidders - Deutsche Borse and Paris-based Euronext. A withdrawal by Deutsche Borse would pave the way for Euronext to price its own bid well below the 620p-640p that some analysts had speculated it would be forced to pay. Shares in Deutsche Borse cl...
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Published in | The Financial times (London ed.) |
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Main Author | |
Format | Newspaper Article |
Language | English |
Published |
London (UK)
The Financial Times Limited
26.02.2005
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Subjects | |
Online Access | Get full text |
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Summary: | The LSE said it still believed it had two potential bidders - Deutsche Borse and Paris-based Euronext. A withdrawal by Deutsche Borse would pave the way for Euronext to price its own bid well below the 620p-640p that some analysts had speculated it would be forced to pay. Shares in Deutsche Borse closed nearly Euros 2 higher at Euros 55.80, their highest level in over a year, amid speculation that its shareholders will be able to force it to hand back cash as an alternative to a bid. Deutsche Borse currently has about Euros 700m in cash. There appears little Deutsche Borse can do to win over the rebels, although executives were last night hoping most of the rebels would choose to capitalise on the 27 per cent increase in Deutsche Borse's share price over the past two months and sell out. Rebels under fire, Page M2 |
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ISSN: | 0307-1766 |