Picture of Allfunds logo

ALLFG Allfunds News Story

0.000.00%
nl flag iconLast trade - 00:00
FinancialsAdventurousLarge CapHigh Flyer

Deutsche Boerse rises on record deal for Allfunds

Updates share move, adds milestone and Allfunds shares

** Shares in Deutsche Boerse DB1Gn.DE rise 3.2% after the German stock exchange operator said on Wednesday it had reached a deal to acquire Allfunds ALLFG.AS

** Deutsche Boerse will buy the Amsterdam-listed fund trading platform for 5.35 billion euros ($6.25 billion), with the deal the company's largest ever

** The deal values each Allfunds share at 8.8 euros, representing a premium of 10.6% to previous day's closing price

** "This is a deal with a strong strategic rationale for Deutsche Boerse and should be welcomed," Jefferies says

** The stock, which has lost 3.5% YTD including today's session, is on track for best day since November

** Following the agreement, Allfunds shares also jump around 4%

($1 = 0.8556 euros)

 (Reporting by Ozan Ergenay and Clement Martinot)

 ((ozan.ergenay@thomsonreuters.com))

Recent news on Allfunds

See all news