The Chicago Stock Exchange, Inc. and its parent company CHX Holdings, Inc. (together, "CHX") announced today that the necessary shareholder and regulatory approvals have been obtained in connection with the investment by Bank of America Corporation; Bear Stearns; E*TRADE FINANCIAL Corporation; and Goldman, Sachs & Co. In the transactions, the CHX received investments totaling $20 million in exchange for minority equity stakes in CHX Holdings.
On approval of the transaction CHX Chairman Valerie Jarrett said, "We are very pleased to have received these final approvals that have allowed us to close this transaction. Shareholder support was overwhelming as 99% of the votes representing 75% of the outstanding shares were in favor of the proposal."
