(Reuters) - IntercontinentalExchange Inc. , or ICE, an Atlanta-
based exchange, has made a higher bid for CBOT that was
rejected by the CBOT board. CME's bid, with a special dividend,
values CBOT at roughly $10.5 billion against roughly $11.4
billion from ICE.
Swings in the share prices of the ICE and the CME, as well
as a $9.14 per share one-time dividend approved for CBOT if the
merger occurs, have made the comparative value of the offers
volatile.
Read more at Reuters.com Bonds News
based exchange, has made a higher bid for CBOT that was
rejected by the CBOT board. CME's bid, with a special dividend,
values CBOT at roughly $10.5 billion against roughly $11.4
billion from ICE.
Swings in the share prices of the ICE and the CME, as well
as a $9.14 per share one-time dividend approved for CBOT if the
merger occurs, have made the comparative value of the offers
volatile.
Read more at Reuters.com Bonds News
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