Clearinghouse hires consultant to evaluate possible Eurex deal and others
Board of Trade Clearing Corporation (BoTCC) sources said the
clearinghouse is considering a number of purchase offers from
various sections of the industry.
BoTCC executives said they hired Mesirow Financial, a
Chicago-based financial services firm to determine its true
market value and target possible business deals.
In an FO Week interview with BoTCC president and
chief executive Dennis Dutterer, and chairman Mike Dawley, both
said they brought in Mesirow in the aftermath of the Chicago
Board of Trade (CBoT)'s $207m offer in early April. That offer,
just $5m over book value, was rejected. But the bid triggered a
number of other offers since then from exchanges, other
clearing houses, OTC markets and even venture capital
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.