Deutsche Borse's Offer for Clearstream is Expected

Deutsche Borse is expected to submit to Cedel International shareholders its offer for the half of Clearstream which it does not own today. Although agreement in principle is expected today, at a price of around Euros 2 billion for the

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Deutsche Borse is expected to submit to Cedel International shareholders its offer for the half of Clearstream which it does not own today. Although agreement in principle is expected today, at a price of around Euros 2 billion for the 50 percent belonging to the 90 shareholders of Cedel International, ratification by individual shareholders will await an EGM in another month or two.

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