Maintains Exposure to in Excess of 11% of Deutsche Boerse
NEW YORK, Jan. 9 /Xinhua-PRNewswire/ -- Atticus Capital today sent the following letter to Reto Francioni, Chief Executive Officer of Deutsche Boerse
(GR: DB1):
January 8, 2008
Reto Francioni
Chief Executive Officer
Deutsche Boerse
Neue Boersenstrasse 1
60487 Frankfurt Am Main
Germany
Dear Reto,
In conjunction with our recent updated filing with BaFin, we wanted to clarify to you our total position in Deutsche Boerse. This filing was necessitated by an internal reorganization of Atticus' legal structure, and, importantly, does not reflect any change in our views toward the company.
Including both voting stock and shares in which we hold economic exposure through swap, accounts advised by Atticus currently maintain exposure to in excess of 11% of Deutsche Boerse. As you know, our BaFin filing only reflects our actual voting interest of 7.65% in Deutsche Boerse.
We remain committed long term shareholders of the company and are pleased with the company's performance, ongoing cost cutting measures and share buybacks.
Sincerely,
Timothy R. Barakett
About Atticus Capital
Atticus Capital is a leading investment management firm, with in excess of US$19 billion of assets under management. Founded by Timothy Barakett in 1995, the firm is headquartered in New York with an office in London. Atticus invests in global securities markets on behalf of its clients.
