Monday, June 18, 2007
CBOT is the winner
CME have sweetened its offer twoice, may
-ICE introduced 2.5 bil in cash and around 800k for each CBOT member, increasing 500k.
-increase its bid to 11.7 bil from 10.1 vs 11.8 bil offer of ICE
-485 mil dividend
-won approval from U.S. Justice department antitrust regulations
-combined future market
Nasdaq might get LSE
-Market indicated that NYSE Euronext tried to distance itself from LSE, derivatives, instead of equity, firepower has higher priority.
-People familiar with the matter have said the among Nasdaq's reasons for buying Nordic exchagne operator OMX AB was that it would ease any move on the LSE, given they can talk of European synergies, and OMX can act as a go-between.
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