(Bloomberg) -- The Chicago Mercantile Exchange raised
its offer for the Chicago Board of Trade for a third time, to $11
billion, to fend off rival Intercontinental Exchange Inc. and
form the world's largest futures exchange.
Chicago Mercantile Exchange Holdings Inc. is now offering
0.375 of its shares for each CBOT Holdings Inc. share, increasing
the value of its offer by 7.1 percent, according to a statement
today from the exchange. A vote on the merger, which the two
exchanges first agreed to in October, is set for July 9.
Read more at Bloomberg Energy News
its offer for the Chicago Board of Trade for a third time, to $11
billion, to fend off rival Intercontinental Exchange Inc. and
form the world's largest futures exchange.
Chicago Mercantile Exchange Holdings Inc. is now offering
0.375 of its shares for each CBOT Holdings Inc. share, increasing
the value of its offer by 7.1 percent, according to a statement
today from the exchange. A vote on the merger, which the two
exchanges first agreed to in October, is set for July 9.
Read more at Bloomberg Energy News
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