(Reuters) - The proposal from ICE, though it currently values CBOT
about $1.3 billion higher than CME's bid, "is uncertain and
entails higher risk," CBOT Chief Executive Bernard Dan and
Chairman Charles Carey wrote in the letter.
"There is no guarantee that any premium in short-term value
based on ICE's current stock price will be there months from
now," the letter said.
Read more at Reuters.com Mergers News
about $1.3 billion higher than CME's bid, "is uncertain and
entails higher risk," CBOT Chief Executive Bernard Dan and
Chairman Charles Carey wrote in the letter.
"There is no guarantee that any premium in short-term value
based on ICE's current stock price will be there months from
now," the letter said.
Read more at Reuters.com Mergers News
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