Friday, July 6, 2007

CME beefs up CBOT bid

(Reuters) - CBOT Holdings shareholders would own about 36 percent of the outstanding shares of the combined company after the deal, CME said, terming the move its "best and final" offer.




The beefed-up terms appears aimed to be a knockout punch for IntercontinentalExchange Inc. , the upstart energy exchange that has been bidding for CBOT since March.


Read more at Reuters.com Business News

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