CME Group and Dow Jones get clearance to proceed with JV

Source: CME Group

CME Group, the world's leading and most diverse derivatives exchange, and Dow Jones & Company today announced that the Federal Trade Commission and U.S. Department of Justice have granted early termination of the waiting period under the Hart-Scott-Rodino Act for the companies' previously announced index services joint venture, satisfying one of the conditions to the closing of the transaction.

The companies expect to close the transaction, subject to the satisfaction of other customary closing conditions, by the end of March 2010.

On February 10, 2010, CME Group and Dow Jones announced that they signed a definitive agreement in which CME Group will take a 90 percent ownership interest and Dow Jones will take a 10 percent ownership interest in a new joint venture that will own the Dow Jones Indexes, which includes The Dow Jones Industrial Average and approximately 130,000 index properties.

 

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