(Bloomberg) -- The top two executives at the Chicago
Board of Trade, subject of two competing takeover bids, said
Intercontinental Exchange Inc. Chief Executive Officer Jeff
Sprecher misled their shareholders in a meeting last week.
Sprecher is trying to break up CBOT Holdings Inc.'s
agreement to be acquired by its cross-town rival, the Chicago
Mercantile Exchange, for $10 billion. Sprecher, who has offered
$11.1 billion in stock for CBOT, met May 31 for over two hours
with more than 400 shareholders to field questions about his bid.
Read more at Bloomberg Energy News
Board of Trade, subject of two competing takeover bids, said
Intercontinental Exchange Inc. Chief Executive Officer Jeff
Sprecher misled their shareholders in a meeting last week.
Sprecher is trying to break up CBOT Holdings Inc.'s
agreement to be acquired by its cross-town rival, the Chicago
Mercantile Exchange, for $10 billion. Sprecher, who has offered
$11.1 billion in stock for CBOT, met May 31 for over two hours
with more than 400 shareholders to field questions about his bid.
Read more at Bloomberg Energy News
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