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CME Group Inc Announces To Acquire Kansas City Board Of Trade


Wednesday, 17 Oct 2012 09:00am EDT 

CME Group Inc announced that they have signed a definitive agreement to acquire the Kansas City Board of Trade (KCBT). Under the terms of the transaction, CME Group will pay $126 million in cash for KCBT. In addition, KCBT will make a special distribution of excess cash to members concurrent with closing. CME Group has committed to maintain a committee made up of KCBT market participants to advise on HRW wheat contract terms and conditions for at least three years, and to maintain the historic KCBT trading floor in Kansas City for a period of at least six months. 

Company Quote

77.28
0.89 +1.17%
18 Jun 2013