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BoTCC mulls offers


Board of Trade Clearing Corporation (BoTCC) sources said the clearinghouse is considering a number of purchase offers from various sections of the industry.

BoTCC executives said they hired Mesirow Financial, a Chicago-based financial services firm to determine its true market value and target possible business deals.

In an FO Week interview with BoTCC president and chief executive Dennis Dutterer, and chairman Mike Dawley, both said they brought in Mesirow in the aftermath of the Chicago Board of Trade (CBoT)'s $207m offer in early April. That offer, just $5m over book value, was rejected. But the bid triggered a number of other offers since then from exchanges, other clearing houses, OTC markets and...

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