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17/01/05
05:37:41 pm, Categories: Europe Eurofirst, 98 words Investor thumb down Deutsche Börse bid
Harris Associates, a US based fund management group with nearly 5% of shares in Deutsche Börse, has added its voice to the investors already campaigning for the German company to abandon its bid for the London Stock Exchange.
Already facing an EGM, forced by investment company TCI, a share price increase of over 4.5% showed that market expectations are that Deutsche Börse will not succeed in its long-standing bid to control the London Stock Exchange (LSE).
Deutsche Börse made a failed take-over attempt in 2000, and last month made a bid that was rejected by the LSE board.
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