While I have not gone into the details and make no comments on the merits or otherwise of this deal, this announcement needs to be notched up as a major victory for shareholders over management.
It was clear that senior management wanted to go ahead and were very public about that. They announced that they were going to convince their shareholders.
It looks like they didn't, and shareholders won out. This is good news!
OAM
Related links:
Deutsche Börse Withdraws Offer for LSE
German group abandons LSE bid
D Boerse ditches LSE bid plans