Securities Law Prof Blog

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

Thursday, June 28, 2007

ISS Backs CME Bid for CBOT

The proxy advisory firm, Institutional Shareholders Services, recommends that shareholders of Chicago Board of Trade Holdings vote yes for the proposed merger with Chicago Mercantile Exchange.  The shareholders' meeting is July 9. IntercontinentalExchange has made a rival bid; ISS says ICE is not as good a fit.  See WSJ, Advisory Firm Backs CME Deal.

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