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Article: CME Group Purchases 159 CBOE Exercise Right Privileges.
- Article from:
- PR Newswire
- Article date:
- August 30, 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)
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CME Group is single largest ERP holder
CHICAGO, Aug. 30 /PRNewswire/ -- CME Group, the world's largest and most diverse exchange, announced today that 159 Chicago Board Options Exchange (CBOE) exercise right privileges (ERP) were tendered to the company by members of the Chicago Board of Trade at $250,000 each. The aggregate price for the ERPs is $39.75 million, which will be paid by the company on September 26. As the holder of 159 ERPs, representing 12 percent of the 1,331 outstanding, CME Group is the single largest ERP holder.
Through the merger agreement, the remaining ERP holders retain the right to continue as a class member in the CBOE lawsuit ...