FRANKFURT/Main, Germany--(BUSINESS WIRE)--The management board and the supervisory board of Deutsche Börse AG ("Deutsche Börse") have issued a joint reasoned statement pursuant to Section 27 German Takeover Act (the "Reasoned Statement") on the exchange offer of Alpha Beta Netherlands Holding N.V. (the "Bidder") to the shareholders of Deutsche Börse (the “Exchange Offer”). The Reasoned Statement is available on the internet at both the homepage of Deutsche Börse at http://www.deutsche-boerse.com/reasonedstatement and at the homepage of the Bidder at http://www.global-exchange-operator.com.
Important Information for Shareholders of Deutsche Börse
The Reasoned Statement contains the recommendation of the supervisory board and management board of Deutsche Börse with respect to the pending Exchange Offer for Deutsche Börse shares and the reasons for their recommendation as of 9/12 May 2011. In addition, Annex 2 to the Reasoned Statement contains the opinion, dated 9 May 2011, of Deutsche Bank Securities Inc. ("DBSI"), together with a summary of the material financial analyses contained in the presentation that was made by DBSI at the meetings of the Deutsche Börse supervisory board and management board on 9 May 2011 and that were used by DBSI in connection with rendering its opinion described above (together, the "May DBSI Opinion and Analysis"). Annex 3 to the Reasoned Statement contains the opinion, dated 9 May 2011, of J.P. Morgan Securities LLC ("J.P. Morgan"), together with a summary of the material financial analyses contained in the presentation that was made by J.P. Morgan at the meetings of the Deutsche Börse supervisory board and management board on 9 May 2011, and that were used by J.P. Morgan in connection with rendering its opinion described above (together, the "May J.P. Morgan Opinion and Analysis"). The May DBSI Opinion and Analysis and the May J.P. Morgan Opinion and Analysis are based on more recent and updated information than the information on which the opinions and analyses of DBSI and J.P. Morgan, dated February 15, 2011 were based, that appears under "Opinion of the Financial Advisors to Deutsche Börse" in the Exchange Offer Document. Therefore, shareholders of Deutsche Börse are urged to read the Reasoned Statement, including the May DBSI Opinion and Analysis and the May J.P. Morgan Opinion and Analysis before considering whether to accept the Exchange Offer.