Chicago Board of Trade (CBoT) shareholders' sentiment
appears to be cooling on the bid from rival Chicago Mercantile
Exchange (CME) after some questioned the size of the offer at
CBoT's annual meeting on 1 May.
After a presentation by exchange leaders highlighting the
volume and revenue growth of the exchange, CBoT chairman
Charlie Carey alongside president and CEO Bernie Dan listened
to a number of shareholders who queried the value of CME bid.
They also raised the issue that if CBoT broke the deal with the
CME it would be forced to pay $240m.
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