Tuesday, July 3, 2007

ICE says it could enhance CBOT takeover terms

(Reuters) - CBOT's board has rejected ICE's takeover proposal as being more risky than joining up with CME, its former cross-town rival and recent close collaborator. But the Atlanta-based energy exchange continues to pour on the pressure.




"We are prepared to enter into such a dialogue with you at any time while you are considering our proposal or, if you prefer, as an alternative to our proposal," ICE Chairman Jeffrey Sprecher told CBOT officials in a letter.


Read more at Reuters.com Mergers News

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