CME Group and Chicago Board Options Exchange (CBOE) are
continuing to negotiate a possible settlement of the ongoing
exercise rights issue, sources have said, a move that could
pave the way for a buyout of CBOE or allow the exchange to move
forward with its initial public offering.
The two sides, which have been locked in a battle over the
Chicago Board of Trade (CBoT) exercise rights in court and with
Securities Exchange Commission (SEC) since last August, have
been meeting for the past several months in an attempt to
resolve the matter. How close they are to reaching an amicable
conclusion though is a matter of debate, said a source familiar
with the case. Some have said both sides are close to an
agreement while others believe there are considerable
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