|
|
Article: CME Group Inc. Commences Self-Tender Offer to Purchase up to 6.25 Million Shares.
- Article from:
- PR Newswire
- Article date:
- August 1, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
CHICAGO, Aug. 1 /PRNewswire-FirstCall/ -- Consistent with its previously announced plans, CME Group Inc. (formerly Chicago Mercantile Exchange Holdings Inc.) today announced the commencement of a tender offer to purchase up to 6,250,000 shares, or about 11 percent, of its outstanding Class A common stock at a price of $560 per share. The tender offer will expire at 5:00 p.m., Eastern Time, on Wednesday, August 29, 2007, unless extended. The tender offer is being made in connection with the merger of CBOT Holdings, Inc. with and into CME Group. The merger agreement requires CME Group to undertake the tender offer after the closing of the merger, which occurred on July ...