Chicago Board of Trade (CBoT) has re-filed an S-4
registration statement with regulators, giving some clues on
how and when the switch to a shareholder, for-profit entity may
happen. Included in CBoT's latest filing is a proxy statement
which is to be dated in February, when members will ultimately
vote on the demutualisation.
The February date on the statement was left blank. The
exchange is awaiting Securities and Exchange Commission (SEC)
approval of its plan calling for demutualisation and an
issuance of shares to full and minority members.
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.