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ICE wins Winnipeg shareholder approval after 11th hour bid

by Colin Packham, Sydney

Winnipeg Commodity Exchange (WCE) shareholders have approved the acquisition of the Canadian exchange to Intercontinental Exchange (ICE) after it raised its original offer to C$50m ($47.52m) on 17 August. The Atlanta-based exchange however refused to comment on whether it was likely to make follow up bids for Kansas City Board of Trade (KCBT) and Minneapolis Grain Exchange (MGX).The acquisition of WCE by ICE was placed in doubt after ICE’s original offer was topped by a mystery bidder, which many insiders...

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