The early signs of a bidding war over the asking price and
value of Chicago Board of Trade (CBoT) has started up with all
eyes on Chicago Mercantile Exchange (CME) to usurp
Intercontinental Exchange (ICE)'s surprise $9.4bn bid.
CBoT shareholders are now waiting to see just how much CME
is willing to pony up now that ICE has upped the ante by more
than $1bn with other incentives compared to CME's original $8bn
bid back in October.
In the aftermath of ICE's dramatic bid for CBoT on 15 March
(see FO Week Vol 12 No 11), CBoT shareholders are
suddenly bargaining from a position of strength and expect CME
to come in with a substantially higher offer.
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