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Deutsche Brse is faced with opposition by its shareholder, Atticus Capital on buying out the London Stock Exchange.

Atticus, which possesses nearly 2% of Deutsche Brse, would rather have the company buy back its own shares rather than buy the London Stock Exchange.

"The acquisition appears to us to be motivated by empire-building. If they (Deutsche Brse) were purely motivated by shareholder interests, they would put the acquisition to a vote," David Slager, who manages Atticus Capital's European fund told Financial Times.

According to a Bloomberg.com article,

"Deutsche Boerse shareholders, including K Capital Partners LLC, in November urged the exchange to start a buyback program.

TCI, which says it oversees more than 2 billion euros ($2.6 billion) in assets, described Deutsche Boerse's plan to acquire LSE as 'value destructive'.

A previous plan to merge the U.K. and German exchange in 2000 collapsed after LSE shareholders opposed the sale."

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