FAT CATS

[rocky822]

OPBL: From VMC board:

Posted by: researcher59
In reply to: None Date:3/15/2007 9:59:58 AM
Post #of 67480

OPBL +.45 to 6.87 .... evidently in reaction to the $9.9B ICE bid for CBOT ....

IntercontinentalExchange Inc. unexpectedly proposed a $9.9 billion acquisition of CBOT Holdings Inc., an offer that ICE said is a 10.5% premium to CBOT's current merger deal with Chicago Mercantile Exchange Holdings Inc.

ICE's decision to make an unsolicited offer for the Chicago Board of Trade, which trades bond futures and agricultural contracts, represents a new competitive phase in the frenzied race to consolidate among global exchanges.

ICE is offering 1.42 shares for each share of CBOT, valuing that stock at $187.34, a 13% premium to CBOT's closing price Wednesday. CBOT shareholders would own about 51.5% of the combined company.