Financial Times FT.com

D Börse acts to fend off hedge funds

By Daniel Schäfer and James Wilson in Frankfurt and James Mackintosh and Patrick Jenkins in London

Published: September 12 2008 23:48 | Last updated: September 12 2008 23:48

Deutsche Börse, the German stock exchange group, has sought to woo sovereign wealth funds as shareholders, in an attempt to fend off the recent attack on its strategy from hedge funds TCI and Atticus.

Under fire from the hedge funds, which want a break-up of the company, Deutsche Börse has approached Temasek, the Singapore government-owned investment group, with an invitation to invest.

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