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CME bolsters Cbot bid, ICE calls meeting

The Chicago Mercantile Exchange (CME) has increased its offer for local counterpart Cbot Holdings, owner of the Chicago Board of Trade. The 16% bid increase was made in an effort to defeat the higher, unsolicited rival bid from Atlanta-based Intercontinental Exchange (ICE) made in March.

Under the newly revised terms of the merger agreement struck between the Chicago bourses in October, Cbot

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