( www.forbes.com ) – BONN (AFX) – Germany’s financial watchdog BaFin said it found no evidence that a number of hedge funds workedtogether to oust Deutsche Boerse AG’s chief executive Werner Seifert and chairman Rolf Breuer, to prevent the planned takeover of the London Stock Exchange PLC.
‘We examined the case because we had indications that the funds had made an arrangement amongst each other to control Deutsche Boerse,’ said BaFin’s president, JochenSanio.
But the testimonies of people involved did not show with sufficient certainty that the funds acted in concert to influence the management board and the supervisory board ofDeutsche Boerse.
