Securities Law Prof Blog

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

Thursday, June 14, 2007

CME Will Increase Its Bid for CBOT

Chicago Mercantile Exchange will increase the value of its $10 billion bid for Chicago Board of Trade by offering a special dividend for CBOT shareholders, in response to the competitive bid by IntercontinentalExchange.  While ICE's offer is valued higher than CME's, the CBOT board has not wavered in its support for CME, and their merger received antitrust clearance this week.  See WSJ, Chicago Mercantile Exchange To Sweeten Bid for CBOT.

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