IntercontinentalExchange, Inc. (NYSE: ICE) today issued the following statement in response to CME’s comments regarding ICE’s proposed merger with CBOT.
“CME’s rhetoric will not fool CBOT shareholders. The facts are that the ICE proposal provides more than $1.3 billion, or over $25 per share, in additional current value, making it clearly financially superior. In addition, an ICE/CBOT combination would give CBOT shareholders a majority stake in a faster growing, better positioned company that will deliver substantial benefits for customers, shareholders and the city of Chicago for many years to come,” said Jeffrey C. Sprecher, Chairman and CEO of ICE.
