FRANKFURT (Reuters) – Hedge funds that helped eject Deutsche Boerse’s top brass do not have to make a takeover offer for the exchange operator after Germany’s financial watchdog failed to find they acted together to control it.
BaFin has been investigating whether shareholders led by British hedge fund The Children’s Investment Fund (TCI) acted in concert to oust Chief Executive Werner Seifert and scupper Deutsche Boerse’s plan to buy the London Stock Exchange.
