(Bloomberg) -- Chicago Mercantile Exchange Chief
Executive Officer Craig Donohue said that actions taken this week
by Intercontinental Exchange Inc., his rival in the bidding for
the Chicago Board of Trade, would hurt CBOT shareholders.
The comments were his first public response to the May 30
announcement by Atlanta-based Intercontinental that it had an
agreement to settle a dispute between CBOT and the Chicago Board
Options Exchange over ownership rights. The agreement would pay
CBOT members $655.5 million in exchange for their relinquishing
the so-called exercise rights.
Read more at Bloomberg Energy News
Executive Officer Craig Donohue said that actions taken this week
by Intercontinental Exchange Inc., his rival in the bidding for
the Chicago Board of Trade, would hurt CBOT shareholders.
The comments were his first public response to the May 30
announcement by Atlanta-based Intercontinental that it had an
agreement to settle a dispute between CBOT and the Chicago Board
Options Exchange over ownership rights. The agreement would pay
CBOT members $655.5 million in exchange for their relinquishing
the so-called exercise rights.
Read more at Bloomberg Energy News
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