Deutsche Boerse are facing a hurdle in its proposed £1.35bn bid to take over the London Stock Exchange (LSE). A rebel shareholder has called for the plans to be dropped and is forcing an emergency general meeting.
The shareholder, TCI Fund Management, say that they speak for over 5% of Deutsche Boerse's shareholders, and under German law have the right to demand an emergency general meeting.
TCI say that the 530p a share Deutsche is planning to offer for LSE "exceeds the potential benefits of the acquisition". They are demanding that the cash is returned to shareholders instead.
