(Bloomberg) -- The Chicago Mercantile Exchange
sweetened its $10.2 billion bid for the Chicago Board of Trade to
fend off a higher offer from Intercontinental Exchange Inc.
The Chicago Merc added a dividend of $485 million, or $9.14
a share, and a payment for CBOT members who hold disputed
ownership rights in the Chicago Board Options Exchange, the
company said in a statement. The revision didn't change the
amount of stock offered for each CBOT share. Atlanta-based
Intercontinental is offering $11.1 billion in stock and cash.
Read more at Bloomberg Energy News
sweetened its $10.2 billion bid for the Chicago Board of Trade to
fend off a higher offer from Intercontinental Exchange Inc.
The Chicago Merc added a dividend of $485 million, or $9.14
a share, and a payment for CBOT members who hold disputed
ownership rights in the Chicago Board Options Exchange, the
company said in a statement. The revision didn't change the
amount of stock offered for each CBOT share. Atlanta-based
Intercontinental is offering $11.1 billion in stock and cash.
Read more at Bloomberg Energy News
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