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."
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