An article relating to this blog post on Finextra:
ICE makes surprise $10 billion bid for Cbot
IntercontinentalExchange has made an unsolicited $9.9 billion all-stock bid for the Chicago Board of Trade in a late attempt to scupper a proposed merger between Cbot and neighbouring Chicago Mercanti...
Where's the smart money going on the likely outcome of the ongoing tug-of-war for the Chicago Board of Trade (Cbot)? Dublin-based person-to-person trading mart Intrade has listed
4 new markets on the Cbot merger tussle.
1. Cbot & Chicago Mercantile Exchange by end December 2007 ~ 65% likely
2. Cbot & Intercontinental Exchange by end December 2007 ~ 29% likely
3. Cbot & An-Other by end December 2007 ~ 2% likely
4. Cbot to remain independent at end December 2007 ~ 4% likely
The early indications suggest that the CME is over twice as likely to merge with the Cbot and prevail over the upstart Intercontinental Exchange.