Daily Business News
Tuesday, October 17, 2006
  CME to acquire exchange rival CBOT for $8 billion (Reuters)

Trader Josh Sergo signals an offer in the 10-Year-Options pit at the Chicago Board of Trade in Chicago October 17 2006. Chicago Mercantile Exchange Holdings Inc. on Tuesday said it would acquire rival exchange CBOT Holdings Inc. for more than $8 billion in a deal that combines the two largest U.S. futures exchanges. (Joshua Lott/Reuters)Reuters - Chicago Mercantile Exchange Holdings Inc. said on Tuesday it would buy cross-town rival CBOT Holdings Inc. for more than $8 billion ending a century of bitter competition to create the world's largest publicly traded exchange by market cap.


  7:46 PM
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