Securities Law Prof Blog

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

Friday, May 11, 2007

Chicago Exchanges Revise Merger Agreement

Chicago Mercantile Exchange Holdings and CBOT Holdings announced a revised merger agreement valued at $9.8 billion and involving a $3.5 billion share buyback by CME after the merger.  Some CBOT members expressed dissatisfaction that the price was not higher in response to IntercontinentalExchange's unsolicited offer for CBOT valued at $10.5 billion.  See WSJ, CME Raises Bid for CBOT To Fend Off Rival Offer.

News Stories | Permalink

TrackBack URL for this entry:

Listed below are links to weblogs that reference Chicago Exchanges Revise Merger Agreement:


Post a comment