M&A Activity • Jul 27, 2006
M&A Activity
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News Details
Ad-hoc | 27 July 2006 16:25
Deutsche Börse AG: Man Group acquires majority of U.S. Futures Exchange from Eurex
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Man Group USA Inc. (Man Group) and U.S. Exchange Holdings Inc., an affiliate of Deutsche Börse AG, have entered into a transaction. Man Group will purchase 70 percent of U.S. Exchange Holdings Inc.’s shares in U.S. Futures Exchange L.L.C. (USFE – formerly Eurex US) for a purchase price of USD 23.2 million in cash and in addition make a capital injection of USD 35 million into USFE. Deutsche Börse Systems AG will continue to operate the trading platform and corresponding communications network for USFE. USFE will offer new products targeted at buy-side customers such as hedge funds and retail investors. U.S. Exchange Holdings Inc. will retain a stake of approximately 30 percent in USFE. Contact: Man Group plc David Browne +44 20 7144 1000 Eurex AG Candice Adam +44 7920 494 911 (c)DGAP 27.07.2006 ————————————————————————— Language: English Issuer: Deutsche Börse AG Neue Börsenstraße 1 60487 Frankfurt am Main Deutschland Phone: +49 (0)69 211 – 0 Fax: +49 (0)69 211 – 1 20 0 E-mail: [email protected] WWW: www.deutsche-boerse.com ISIN: DE0005810055 WKN: 581005 Indices: DAX Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Hannover, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service —————————————————————————
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