CME Group accepts close to 1.7 million of its class A shares in tender offer

By Lisa Kerner

Charlotte, N.C., Sept. 5 - CME Group Inc. accepted for purchase 1,695,250 shares, or 3.1%, of its class A common stock at a purchase price of $560 per share for a total cost of some $949 million in the tender offer ended Aug. 29.

These are the final results of the tender offer to purchase up to 6,250,000 shares of CME class A common stock, according to a company news release.

CME Group said it is funding the share purchase with proceeds from the issuance of $500 million of commercial paper notes, available cash and investments.

The tender offer was made in connection with the July 12 merger of CBOT Holdings, Inc. and Chicago Mercantile Exchange Holdings Inc. to form CME Group.

Lehman Brothers Inc. was the lead dealer manager, with William Blair & Co., LLC as co-dealer manager for the tender offer.

CME Group, a CME/Chicago Board of Trade Co., is a financial exchange based in Chicago.

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