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CME increases CBOT bid, confident of consent

Rahul Bhandari — Sat, 07 Jul 2007 08:00:21 +0000

To ensure the CBOT deal, Chicago Mercantile Exchange Holdings (CME) has increased its offer to create the world’s largest derivatives exchange. The upgraded proposal has changed the minds of some CBOT shareholders, who had been against...

Nymex explores sale to larger exchange, holding talks with potential suitors

Balendu — Sat, 16 Jun 2007 09:58:22 +0000

The New York Mercantile Exchange, the world’s largest energy market, is reportedly exploring a sale for about $14.3 billion. Nymex was reported to be holding informal acquisition negotiations with three exchanges, including the CME, and...

ICE launches proxy battle for CBOT, sweetens its merger proposal

Balendu — Thu, 14 Jun 2007 08:09:25 +0000

The Intercontinental Exchange Inc. has stepped up its efforts on Wednesday to block the merger of the Chicago Mercantile Exchange and the Chicago Board of Trade, taking move to set off a proxy fight if the CBOT continues planning to merge with...

CME-CBOT merger deal gets US antitrust approval

Balendu — Tue, 12 Jun 2007 09:52:27 +0000

The US Department of Justice on Monday gave the regulatory approval for the two largest American futures exchanges to merge. The department’s antitrust officials were investigating the proposed merger of Chicago Mercantile Exchange Holdings...

CME raises offer for CBOT to ward off rival bid from ICE

Balendu — Sat, 12 May 2007 05:50:48 +0000

In a surprising move, Chicago Mercantile Exchange raised its offer to acquire its rival, the Chicago Board of Trade. Both the exchanges announced a revised merger agreement and said that they expect regulators to endorse the deal before it is put...

CBOT board confirms talks with ICE on proposed deal

Balendu — Tue, 20 Mar 2007 11:01:11 +0000

CBOT Holdings Inc., the parent of the Chicago Board of Trade, has ended its silence that it was maintaining since last week saying its board had authorized talks with InterContinental Exchange, the Atlanta-based company that made a surprise bid...

ICE appears as new suitor for Exchange in Chicago, blocking CME deal

Balendu — Fri, 16 Mar 2007 06:54:02 +0000

Intercontinental Exchange Inc., which handles 45 percent of global oil futures trading, surprised financial markets by making an unsolicited $10 billion bid for the Chicago Board of Trade to prevent a $25 billion purchase by Chicago...