CBoT shareholders want more

Chicago Board of Trade (CBoT) shareholders' sentiment appears to be cooling on the bid from rival Chicago Mercantile Exchange (CME) after some questioned the size of the offer at CBoT's annual meeting on 1 May.

After a presentation by exchange leaders highlighting the volume and revenue growth of the exchange, CBoT chairman Charlie Carey alongside president and CEO Bernie Dan listened to a number of shareholders who queried the value of CME bid. They also raised the issue that if CBoT broke the deal with the CME it would be forced to pay $240m.

Shareholders...