CBOT shares to stop trading as of close

(Reuters) - The announcement came after the results of Monday's vote were certified. It marks the end of a bidding war that erupted in March between the Chicago Mercantile Exchange and upstart energy bourse IntercontinentalExchange , pushing the CME to buy the CBOT for $12 billion.




The marriage between the two largest U.S. futures exchanges will create the world's largest derivatives mart known as CME Group Inc., a CME/Chicago Board of Trade Company.


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UPDATE 3-CME buy of CBOT easily approved by shareholders

(Reuters) - CHICAGO, July 9 - Shareholders of Chicago
Mercantile Exchange Holdings Inc and CBOT Holdings Inc
voted on Monday to merge the two largest U.S. futures
exchanges under one roof.




After an almost 9-month gestation period, the votes
delivered one huge, almost $12 billion baby.


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ICE won't say if higher CBOT offer will be made

(Reuters) - ICE is in a battle with the Chicago Mercantile Exchange to purchase the Chicago Board of Trade . The CME on Friday increased its takeover offer for CBOT to $11.9 billion, besting the ICE's current offer worth about $11.8 billion.



"I can't talk about it. Give me a break," ICE Chairman Jeffrey Sprecher told Reuters before testifying at a Senate hearing on excessive speculation in U.S. natural gas markets.


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CME buy of CBOT looks likely as shareholders vote

(Reuters) - Most analysts are predicting victory for Chicago Mercantile
Exchange Holdings Inc. after the company improved its
bid for a third time on Friday in an 11th hour move to quell
dissent among CBOT Holdings shareholders.




A vote that looked like it might be a toss-up, given a
higher competing bid for CBOT from IntercontinentalExchange
Inc. ., now has the makings of a landslide.


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U.S. Stocks Advance on Takeovers; CBOT Holdings, Exxon Mobil Shares Rise

(Bloomberg) -- U.S. stocks climbed and the Standard
& Poor's 500 Index posted its biggest weekly advance since
April, helped by takeovers and improved earnings prospects for
energy companies.

CBOT Holdings Inc., owner of the third-largest futures
exchange, climbed to a record after the Chicago Mercantile
Exchange raised its acquisition offer. Exxon Mobil Corp., the
world's biggest oil company, led energy producers to a peak
after crude oil jumped to a 10-month high.


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Genzyme, Haynes, Macy's, Parametric, PolyOne, Savvis: U.S. Equity Movers

(Bloomberg) -- The following is a list of companies
whose shares are having unusual price changes on U.S. exchanges.
Stock symbols are in parentheses after company names. Share
prices are as of 2:40 p.m. in New York.

CBOT Holdings Inc. (BOT US) rose $13.10, or 6.4 percent, to
$219.25. Chicago Mercantile Exchange Holdings Inc. (CME US)
raised its offer for the Chicago Board of Trade for a third time,
to $11 billion, to fend off rival Intercontinental Exchange Inc.
(ICE US) and form the world's largest futures exchange. Chicago
Merc shares rose $5.65 to $561.34, and Intercontinental shares
gained $4.17 to $155.98.


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CME "confident" CBOT $11.6 bln deal will get done

(Reuters) - CBOT members and shareholders and CME shareholders will wrap up voting on Monday on CME's plan to buy the Chicago Board of Trade's parent for about $11.6 billion, including a one-time special dividend to be paid by CBOT.




The deal would put the numbers one and two U.S. futures marts together to create the world's largest derivatives exchange.


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CME chides ICE for "spoiler" role in CBOT deal

(Reuters) - "Having been rejected by CBOT's board not once but twice,
ICE has yet to address the fundamental strategic and
operational flaws in its proposed transaction," CME said in a
statement.




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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.


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ICE says CBOT proposal binding through July 12

(Reuters) - CME shareholders and CBOT shareholders and members will
hold separate votes on the merger deal on July 9. CBOT's board
has rejected ICE's takeover proposal.




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Proxy Governance recommends vote for CME-CBOT deal

(Reuters) - "We believe if this deal is voted down, CBOT's shares may
fall precipitously, and we do not see the board accepting an
ICE proposal," Proxy Governance said in a report.




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CBOT says ISS recommends vote for CME merger

(Reuters) - CBOT shareholders and members vote on the CME deal on July
9, but are mulling a higher, competing bid from Atlanta-based
IntercontinentalExchange Inc. .




"If one is to compare ICE's adjusted offer price with CME's
offer price, the difference between the two offers is
marginal," ISS said in its report.


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ICE urges CBOT members to vote against CME deal

(Reuters) - ICE Chief Executive Officer Jeffrey Sprecher said in the letter that CBOT's board has agreed to a "bargain basement sale" in a transaction that would leave $1.3 billion of shareholders' money on the table, and urged them to vote against the deal.




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