CME Group looking to buy out CBOE
Crain’s Chicago Business has issued a report claiming that the derivatives exchange operator, Chicago Mercantile Exchange, has been in preliminary talks to buy the options market operator Chicago Board Options Exchange for up to $5 billion.
The Crain report mentioned that “Acting through intermediaries, officials at the exchanges have held informal discussions over the past month about a combination”. The report continued that CME is yet to submit a formal bid however. Crain also mentioned that further talks are set to commence on Wednesday.
We will be sure to update as more information comes down the pipeline.
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