In the catbird seat; Chicago Board Options Exchange could be next in play following CME-Board of Trade merger.(CME Group Inc.)

Pensions & Investments, July, 2007 by Clary, Isabelle

Byline: Isabelle Clary CHICAGO - As soon as the ink dried on the CME Group megamerger on July 12, the Chicago Board Options Exchange found itself as a top candidate for the next big play in the red-hot sector. Although it is the only major U.S. exchange that has not yet demutualized, the CBOE already is the object of takeover rumors - possibly by NYSE Euronext, which wants to develop its presence in global options and derivatives.

A major foreign exchange or CME Group itself might eventually consider the CBOE, CME executives wrote last month in a letter to members of the Chicago Board of Trade, which the CME now owns, about "further consolidation'' and future "mergers and acquisitions.'' "You want to run an exchange, but you can find yourself being a...

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