Posted AT 11:51 AM EDT on 17/10/06
Market cheers Chicago exchange merger
The stocks of the Chicago Mercantile Exchange and Chicago Board of Trade surged Tuesday, as investors responded enthusiastically to news that the CME had reached a friendly $8-billion (U.S.) takeover deal for its cross-town rival, creating the world's biggest derivatives exchange.
CME shares jumped 13 per cent to $516.33 on the New York Stock Exchange, while CBOT's stock gained 14 per cent to $152.
The full text of this article has 738 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
| Market | Change | Value |
|---|---|---|
| Data delayed 15 minutes | ||
| S&P/TSX | -15.65 | 13,734.83 |
| DJIA | -145.25 | 11,569.93 |
| S&P 500 | -14.77 | 1,285.91 |
| Nasdaq | -41.39 | 2,370.25 |
| Stock Profile | Sponsored by: |
|---|---|
 |
MOST POPULAR 
Most Popular
| Rank | Headline |
|---|---|
| 1. | Resale home listings hit record high 2:15 PM
|
| 2. | The second coming of Peter Lougheed 28/08/08 5:47 PM
|
| 3. | Bank of Canada announces interest rate, Wednesday 1:12 PM
|
| 4. | Economy edges higher 9:35 AM
|
| 5. | Alitalia files for bankruptcy protection 2:08 PM
|
| 6. | Thanks, but no thanks 7:57 AM
|
| 7. | Oil will stay high as hurricanes recur: Rubin 11:11 AM
|
| 8. | How Nigerian politics affect your inbox 7:17 AM
|
| 9. | ABCP delays 'a concern,' Flaherty says 10:00 AM
|
| 10. | Germany's Chancellor Merkel tops Forbes list 27/08/08 6:48 PM
|
Video Pick
- Gold and Peter Munk
- Barrick's chairman talks about gold and his life as one of Canada's wealthiest men
RO[S]B Magazine
- Trading bread for dough
- After building their business into an indie powerhouse, the founders of Ace Bakery cashed out in style
Most powerful women
- Germany's Chancellor Merkel tops Forbes list
- Sheila Bair, Condoleezza Rice also in top 10
Magazine
- Banks: Don't rush out to buy them
- Investors have many reasons to be concerned
The Law Page
- The armour strengthens around privilege
- Landmark decision for lawyer-client communication
Business incubator
- Even if good for you, gum's a sticky game
- Trying to break through with new product
MARCUS GEERussia don't get no respect? That's because it shot itself in the foot
Madelaine DrohanHow Nigerian politics affect your inbox
JOHN HEINZLRising dividends highlight a company's health
RICHARD SIKLOSMedia bigwigs crash Democrats' party - and no one knows why
FABRICE TAYLORFranco-Nevada: The 'smart way' to make money in a credit crunch