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Cboe Global Markets Inc (CBOE.OQ)

CBOE.OQ on NASDAQ Stock Exchange Global Select Market

108.93USD
4:00pm EDT
Change (% chg)

$-0.66 (-0.60%)
Prev Close
$109.59
Open
$109.56
Day's High
$109.56
Day's Low
$108.12
Volume
311,516
Avg. Vol
418,994
52-wk High
$110.59
52-wk Low
$61.58

Latest Key Developments (Source: Significant Developments)

CBOE Holdings to acquire Bats Global Markets for about $3.2 bln
Monday, 26 Sep 2016 07:30am EDT 

Cboe Holdings Inc : CBOE Holdings agrees to acquire Bats Global Markets to strengthen CBOE Holdings' global position in innovative tradable products and services, and achieve meaningful cost and operational efficiencies . Transaction is expected to be accretive to CBOE Holdings adjusted EPS in first year following completion of transaction . Deal expected to be accretive to CBOE Holdings adjusted EPS in first year following completion of transaction . Deal value of $3.2 billion consisting of 31% cash and 69% CBOE Holdings stock . Sees approximately $65 million of anticipated expense synergies within five years following deal closing . Chris Concannon, Bats CEO, will become president and COO, succeeding Edward L. Provost, CBOE Holdings president and COO, who plans to retire at that time . Bats stockholders will receive $10.00 per share in cash and 0.3201 of a share of CBOE Holdings common stock . Board of directors of combined company will consist of 11 members from CBOE and 3 from Bats . Transaction valued at approximately $32.50 per Bats share, or a total of approximately $3.2 billion . Within three years of completion of transaction, CBOE Holdings expects to realize $50 million in annualized expense synergies . Edward T. Tilly, CBOE Holdings CEO, will remain CEO of combined company . Following close of transaction, board of directors of combined company will consist of 14 directors.  Full Article

CBOE Q2 adjusted earnings per share $0.60
Friday, 29 Jul 2016 07:30am EDT 

Cboe Holdings : Reports strong second quarter results . Q2 adjusted earnings per share $0.60 . Q2 earnings per share $0.62 . Q2 revenue rose 10 percent to $163.3 million . Q2 earnings per share view $0.60 -- Thomson Reuters I/B/E/S . Qtrly average daily volume (options and futures) up 4 percent . Qtrly total trading volume (options and futures) up 6 percent . Financial results largely fueled by trading in options on S&P 500 index (SPX) and futures and options on CBOE volatility index . Operating margin was 47.7 percent for Q2 of 2016, down 160 basis points .Reaffirmed its financial guidance for 2016 fiscal year.  Full Article

CBOE Holdings increases dividend to $0.25/shr for Q3
Thursday, 28 Jul 2016 04:39pm EDT 

CBOE Holdings Inc : CBOE Holdings declares increased third-quarter 2016 dividend . New dividend represents a 9 percent increase compared to prior quarter's dividend of $0.23 per share .Declared an increased dividend of $0.25 per share for Q3 of 2016.  Full Article

CBOE makes minority investment in parent co Eris Exchange Holdings
Monday, 23 May 2016 08:30am EDT 

Cboe Holdings Inc : CBOE Holdings has made a minority equity investment in its parent, Eris Exchange Holdings, LLC . Concurrent with this investment, CBOE will join Eris' board of directors . Financial terms of CBOE Holdings' investment were not disclosed .Near term, CBOE considers its investment in Eris to be immaterial from a financial perspective.  Full Article

CBOE Holdings Declares First-Quarter 2016 Dividend; Announces Increase In Share Repurchase Authorization
Wednesday, 17 Feb 2016 04:37pm EST 

CBOE Holdings, Inc:Board of Directors has declared a quarterly cash dividend of $0.23 per share and increased its share repurchase authorization by $100 million.The quarterly cash dividend of $0.23 per share of common stock will be payable on March 18, 2016, to common stockholders of record on March 4, 2016.Additionally, CBOE Holdings' Board of Directors has also authorized the company to repurchase up to an additional $100 million of its outstanding common stock, effective immediately.This increased share repurchase authorization will be added to the approximately $57.5 million of availability that was remaining under the company's existing share repurchase authorization through December 31, 2015.  Full Article