Chicago Mercantile Exchange Holdings Inc. (NYSE, Nasdaq: CME) issued the following statement in response to the Chicago Board of Trade Holdings Inc. announcement that it intends to postpone its special shareholder meeting, previously scheduled for April 4, 2007, in order to provide sufficient time to review the unsolicited proposal submitted by the IntercontinentalExchange Inc. (ICE).
"We fully expect the CBOT's Board, after completing its review, will recognize that the CME/CBOT merger is superior to ICE's unsolicited proposal -- financially, strategically, and operationally. We look forward to completing our merger by mid-year."
As previously announced, CME will host a meeting with CBOT shareholders and members on Thursday, March 22, to discuss the advantages of the CME merger agreement over the ICE unsolicited proposal.
