CBoT rejects bids

Chicago Board of Trade last week issued a statement announcing that its board of directors had decided not to act on the bids to merge or acquire the exchange received in June (see FO Week Vol 10 No 26). It added that the exchange would now focus on plans for an IPO.

Ever since CBoT disclosed that it had received "unsolicited, non-binding expressions of interest in a business combination," speculation about who the bidders could be has...