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Exchanges exchanging glances; CME floats proposal to buy CBOE in possible $5-bil. deal.

Publication: Crain's Chicago Business
Publication Date: 19-OCT-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Exchanges exchanging glances; CME floats proposal to buy CBOE in possible $5-bil. deal.(NEWS)(CME Group Inc. to acquire Chicago Board Options Exchange)

Article Excerpt
Byline: ANN SAPHIR

CME Group Inc. is putting out feelers to the Chicago Board Options Exchange about a takeover that would value the biggest U.S. stock-options market at as much as $5 billion.

Acting through intermediaries, officials at the exchanges have held informal discussions over the past month about a combination, sources tell Crain's. No formal bid is on the table, and further talks are on hold until after Wednesday, the last day for filing appeals in a lawsuit that must be resolved before any deal can be cut.

Adding CBOE to CME's stable would put Chicago's three biggest exchanges under one roof, bolstering the city's position as a center of trading and finance. It would give CME, already the largest futures exchange company, a...

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