Deutsche Börse´s Strategy Derailed by the Hedge Funds

Published 01 Jan 2007
Reference 5409
Topic Strategy
Region Europe
Summary

This case focuses on the conflict between the Hedge Funds and the Board and Management of Deutsche Börse, following Deutsche Börse's hostile offer for the London Stock Exchange. It allows participants to role play the perspectives of the Supervisory Board, led by Dr. Breuer, the CEO, Werner Seifert, the Hedge Funds (TCI, Atticus) and traditional investors (including Fidelity and Merrill Lynch).

Teaching objectives

- Explore issues of corporate governance and the role board members play - Help participants to gain insight into the dynamics of hedge funds

Keywords
  • Corporate governance
  • Stock Exchange
  • Hedge Funds
  • Mergers
  • Activist Shareholders
  • Active ownership
  • Corporate Governance
  • Investors
  • Stakeholders and Accountability