CME Asks CBOT Shareholders for Support

Chicago Mercantile Exchange Holdings Inc. on Friday sent a letter to shareholders and members of the Chicago Board of Trade urging them to accept its bid for the CBOT.

CME, which is offering about $10.6 billion for the CBOT, is competing with IntercontinentalExchange Inc., a futures exchange whose offer for the CBOT values the exchange at $11.9 billion.

In the letter, CME says its offer "provides significantly more value and immediate growth opportunities with the lowest risk."

Read Full Article from Houston Chronicle

- Posted: 2007-06-22 10:29:51

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