LONDON (AFX) - Deutsche Boerse AG is considering increasing its offer for Euronext NV in an attempt to trump a rival proposal from the New York Stock Exchange, the Daily Telegraph reported, without naming its sources.
Deutsche Boerse chief executive Reto Francioni is understood to have instructed Deutsche Bank AG to examine exactly how far it can increase its offer without damaging consequences, the UK daily said.
The move comes after Euronext shareholders voted against a proposal that a merger with Deutsche Boerse was in the best interests of shareholders and Euronext management indicated it is open to higher offers. equitynext@afxnews.com an COPYRIGHT Copyright AFX News Limited 2005. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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