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Your search keyword '"*SHAREHOLDER activism"' showing total 2 results
Start Over Descriptor "*SHAREHOLDER activism" Topic deutsche borse ag Region germany
2 results on '"*SHAREHOLDER activism"'

1. TCI Lowers Deutsche Börse Stake.

Author

LAUNDER, WILLIAM, Denzin, Michael, and Bryan-Low, Cassell

Subjects
*SHAREHOLDER activism, *STOCKHOLDERS' pre-emptive rights, *BUSINESS models, *STOCK exchanges
Abstract

The article reports on the move of the Children's Investment Fund Management LLP (TCI), activist shareholder in Deutsche Börse AG, to reduce its voting rights in the German stock-exchange operator to less than 1%. It notes that TCI and Atticus Capital LLC previously held about 19% in the German exchange operator. It recalls that TCI and Atticus had ended an agreement reached in September 2008 to work together to pressure the management of Deutsche B&oum;rse to change its business model.

Published
2009

2. Activist Funds Exit Deutsche Börse Fight.

Author

BRYAN-LOW, CASSELL and Shah, Neil

Subjects
*SHAREHOLDER activism, *BUSINESS models, *ORGANIZATIONAL change, *STOCKS (Finance)
Abstract

The article reports on the announcement from activist investors Tim Barakett of Atticus Capital LP and the Children's Investment Fund LLP that they had ended an agreement to work together in pressuring German exchange operator Deutsche Börse AG to change its business model and potentially sell business units. In addition, Atticus has announced that it had reduced its stake to less than 3% of the voting rights of the German company. Shares of Deutsche rose 9.4% to €45.38 following the announcement on March 31, 2009.

Published
2009

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