ICE, CBOE also potential Thain takeover targets
NYSE Euronext could become the fourth horse in the ongoing
Chicago Board of Trade (CBoT), Chicago Mercantile Exchange
(CME) and Intercontinental Exchange (ICE) M&A
NYSE, which closed its deal with Euronext on 4 April (see
FO Week Vol 12 No 14) and is looking to build its own
US futures exchange (see FO Week Vol 12 No 18), may
turn up with a new bid that could add another twist in what is
becoming a drawn out and increasingly controversial merger and
acquisition soap opera. While it is still speculation at this
point, exchange shareholders and analysts said there is a solid
possibility that NYSE could jump into the fray in the coming
weeks with its own bid for CBoT.
Brendan Caldwell, president and CEO of Caldwell Investment
Management and a shareholder of NYSE Euronext, Chicago Board
Options Exchange (CBOE) and several other exchanges, said
NYSE Euronext CEO John Thain has made no secret of his plans to
broaden his exchange model, which is likely to include one or
more US futures exchange.
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