Shareholders sink Boerse's bid

摘要

Deutsche Boerse's thwarted attempt to acquire the London Stock Exchange has shown that h buying or selling an exchange is not a simple matter. The failed Deutsche Boerse bid for the London Stock Exchange (LSE) may have made the Borse's CEO Werner Seifert weep but at least it gave pundits and financial markets analysts an object lesson in just about everything. It neatly illustrated the weaknesses of a one-trick-pony business model for exchanges. The LSE may be the biggest and most profitable standalone stock exchange in Europe, but this offered little bargaining power against a bigger, more diversified rival. Had the Boerse's investors been more sympathetic to the idea, the German exchange's clout would have sealed the deal.