(Reuters) - Under the new terms, CME would pay 0.35 Class A share for each CBOT share, an increase of 16 percent from the original merger agreement. CBOT shareholders would own 34.6 percent of the combined company, up from 31.2 percent, and have greater board representation.
The companies said the merged company would acquire up to $3.5 billion of its stock, or 12 percent of the outstanding shares, at $560 a share after the merger in a cash tender offer.
Read more at Reuters.com Business News
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