Following a non-binding offer for the Allfunds Group, Deutsche Börse shares took the top spot in the DAX on Friday.
On Thursday afternoon they had reduced their previous price gains somewhat in an initial reaction to the news. But at the end of the week they returned to their way up.
With an increase via However, they remained below their previous day’s high, which had been reached before the takeover plans were announced.
Tom Mills from the analysis house Jefferies wrote in his comment that, compared to a previous offer from competitor Euronext NV for the fund sales specialist Allfunds, this time the industry logic fits much better. The expert assumes that the takeover will increase Deutsche Börse’s earnings per share by a mid-single-digit percentage. However, the extent of the synergies from the takeover is unclear.
“Our initial assessment of the potential deal is slightly positive,” wrote Jochen Schmitt from the private bank Metzler. Strategically, he assumes that the exchange operator wants to use the deal to expand its investment fund platform business. He considers software-based businesses in this area to be “highly scalable”. One
On Monday, December 1st, Deutsche Börse is extending Xetra trading hours for private investors. As the exchange operator announced, trading will then be possible on weekdays between 8 a.m. and 10 p.m. – a total of 14 hours. “In this way, we increase flexibility for working people, who can now trade in peace and quiet via XETRA even after the working day,” is the reasoning. The trading time extension affects stocks, ETFs and ETPs. Private investors could now react better to developments on the US stock exchanges through late trading. These close at 10 p.m.
FRANKFURT (dpa-AFX) and Dow Jones Newswires
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