Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Thursday, March 15, 2007

ICE Makes Bid for CBOT

Intercontinental Exchange made a $9.9 billion offer for CBOT Holdings, seeking to upset its merger plans with the Chicago Mercantile Exchange.  The WSJ described it thus:

"ICE's decision to make an unsolicited offer for the Chicago Board of Trade, which trades bond futures and agricultural contracts, represents a new competitive phase in the frenzied race to consolidate among global exchanges."

See WSJ, IntercontinentalExchange Makes $9.9 Billion Rival Bid for CBOT.

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