(Bloomberg) -- Intercontinental Exchange Inc., one of
two bidders vying for the Chicago Board of Trade, said it is
prepared to improve its $10.9 billion offer for the second-
largest U.S. futures exchange.
Intercontinental has raised its bid twice since March in an
attempt to sway shareholders to reject a $9.8 billion offer from
the Chicago Mercantile Exchange. Atlanta-based Intercontinental
has said it will pay Board of Trade members about $800,000 each
to settle a disputed ownership privilege, or so-called exercise
right, with the Chicago Board Options Exchange.
Read more at Bloomberg Energy News
two bidders vying for the Chicago Board of Trade, said it is
prepared to improve its $10.9 billion offer for the second-
largest U.S. futures exchange.
Intercontinental has raised its bid twice since March in an
attempt to sway shareholders to reject a $9.8 billion offer from
the Chicago Mercantile Exchange. Atlanta-based Intercontinental
has said it will pay Board of Trade members about $800,000 each
to settle a disputed ownership privilege, or so-called exercise
right, with the Chicago Board Options Exchange.
Read more at Bloomberg Energy News
No comments:
Post a Comment