Atticus Capital says holds over 11% in Deutsche Boerse
09 January 2008 | 1305 views | 0
Source: Atticus Capital
Atticus Capital today sent the following letter to Reto Francioni, Chief Executive Officer of Deutsche Boerse (GR: DB1):
In conjunction with our recent updated filing with BaFin, we wanted to clarify to you our total position in Deutsche Boerse. This filing was necessitated by an internal reorganization of Atticus' legal structure, and, importantly, does not reflect any change in our views toward the company.
Including both voting stock and shares in which we hold economic exposure through swap, accounts advised by Atticus currently maintain exposure to in excess of 11% of Deutsche Boerse. As you know, our BaFin filing only reflects our actual voting interest of 7.65% in Deutsche Boerse.
We remain committed long term shareholders of the company and are pleased with the company's performance, ongoing cost cutting measures and share buybacks.
Timothy R. Barakett