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.

Germany, Financial management, Executive changes & profiles, Investor Relations, Finance & Stockholder Relations, Stockholder Relations, Analysis, Officials and employees, Appointments, resignations and dismissals, Corporate culture, Deutsche Borse AG, Breuer, Rolf, Seifert, Werner

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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The Nasdaq Stock Market Inc. of the United States has withdrawn its takeover offer of $4.2 billion for the London Stock Exchange PLC of the United Kingdom.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.

United States, Company overview, Nasdaq Stock Market Inc., NDAQ

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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.

Netherlands, Euronext N.V.

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