Activists demand adviser appointment for eSpeed

Thursday 19 April 2007 at 15:18

The two activist hedge fund shareholders in eSpeed have called on the electronic trading platform group to hire an investment bank to weigh yesterday's shock $605m (€445m) takeover move by interdealer broker Tullett Prebon.

The demand came after Cantor Fitzgerald, Tullett's arch-rival and eSpeed's controlling shareholder, dismissed the offer.