CME Group (NASDAQ:CME) Inc, the US operator of a derivatives exchange, has denied press reports it has made a takeover approach for rival Cboe Global Markets Inc.
“The company has not had any discussions with Cboe whatsoever. While the company does not typically comment on rumour or speculation, today's inaccurate information required correction,” CME said in a press statement.
CME HAS OFFERED 0.75 OF ITS OWN SHARES FOR EVERY CBOE SHARE - FT
— *Walter Bloomberg (@DeItaone) August 18, 2021
The Financial Times had reported that CME was preparing a US$16bn bid for the operator of its Chicago rival, which owns the Chicago Mercantile Exchange and the Chicago Board of Trade.
Cboe declined to comment on the rumours.
The report initially prompted Cboe’s share price to soar above US$135 yesterday – they had closed below US$123 on Tuesday – but CME’s swift denial saw the shares ebb to US$122.63 at last night’s close.
And there goes the $CBOE reaction pic.twitter.com/CtngTw6dAe
— Hide Not Slide (@HideNotSlide) August 18, 2021