Monday, July 9, 2007

ICE won't say if higher CBOT offer will be made

(Reuters) - ICE is in a battle with the Chicago Mercantile Exchange to purchase the Chicago Board of Trade . The CME on Friday increased its takeover offer for CBOT to $11.9 billion, besting the ICE's current offer worth about $11.8 billion.



"I can't talk about it. Give me a break," ICE Chairman Jeffrey Sprecher told Reuters before testifying at a Senate hearing on excessive speculation in U.S. natural gas markets.


Read more at Reuters.com Mergers News

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