E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 8/30/2007 in the Prospect News Special Situations Daily.

CME to accept more than 1.6 million shares in tender offer ended Aug. 29

By Lisa Kerner

Charlotte, N.C., Aug. 30 - CME Group Inc. said preliminary results show that 1,646,450 shares of class A common stock were properly tendered and not withdrawn, including 116,448.75 shares tendered by notice of guaranteed delivery, in its offer ended Aug. 29.

The company expects to accept the shares, some 3% of its outstanding class A common stock, for $560 per share or a total cost of about $922 million.

Results are subject to verification, according to a company news release.

The tender offer was made in connection with the merger of CBOT Holdings, Inc. with and into CME Group.

D.F. King & Co., Inc. (800 697-6975) is the information agent for the tender offer.

On July 12, Chicago Mercantile Exchange Holdings, Inc. and CBOT Holdings, Inc. finalized the merger of the two companies to form CME Group Inc., a CME/Chicago Board of Trade Co. described as the "world's largest and most diverse exchange."

It was previously announced that CME Group's cash tender offer would be for up to $3.5 billion in common stock of the combined company, or about 12% of the combined company's outstanding shares, at a fixed price of $560 per share.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.