CME raises bid for CBOT after lawsuit threat
The Chicago Mercantile Exchange has sweetened its bid for its rival exchange, the Chicago Board of Trade.
Although the CME received approval from antitrust regulators for the takeover earlier this month, it still faces the threat of a hostile rival bid from the Atlanta-based Intercontinental Exchange. The revised CME bid includes a one-off dividend of $9.14 per share, and also offers seatholders in the Chicago Board Options Exchange $250,000 compensation for the potential loss of their seats
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