(Bloomberg) -- The Chicago Board of Trade and
Chicago Mercantile Exchange received approval from federal
antitrust regulators for their proposed $10.3 billion merger,
which would create the world's largest futures exchange.
The decision gives a leg up to Chicago Mercantile Exchange
Holdings Inc. as it tries to fend off an $11.2 billion
unsolicited offer from Intercontinental Exchange Inc. The board
of CBOT Holdings Inc. chose the merger with its Chicago rival
over the higher bid from Atlanta-based Intercontinental after
Chicago Mercantile sweetened its offer on May 11. CBOT
shareholders are scheduled to vote on the sale on July 9.
Read more at Bloomberg Commodities News
Chicago Mercantile Exchange received approval from federal
antitrust regulators for their proposed $10.3 billion merger,
which would create the world's largest futures exchange.
The decision gives a leg up to Chicago Mercantile Exchange
Holdings Inc. as it tries to fend off an $11.2 billion
unsolicited offer from Intercontinental Exchange Inc. The board
of CBOT Holdings Inc. chose the merger with its Chicago rival
over the higher bid from Atlanta-based Intercontinental after
Chicago Mercantile sweetened its offer on May 11. CBOT
shareholders are scheduled to vote on the sale on July 9.
Read more at Bloomberg Commodities News
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