Cboe stock spikes up after FT report of CME buyout bid

4 weeks ago 12
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Share of Cboe Global Markets Inc. CBOE, +0.02% spiked up 7.4% successful day trading Wednesday, aft the Financial Times reported that CME Group Inc. CME, -2.56% was making an all-stock bid valued astatine $16 cardinal to bargain the revival exchange. "As a substance of policy, Cboe does not remark connected marketplace rumors oregon speculation," Cboe said successful an emailed connection to MarketWatch. Cboe's banal was concisely halted for astatine 1:30 p.m. Eastern for volatility; conscionable anterior to the halt, the banal was small changed astatine astir $124.13. At existent prices, Cboe's marketplace capitalization was astir $14.2 billion. CME shares fell 2.9% successful day trading. Cboe's banal has rallied 43.1% twelvemonth to date, portion CME shares person gained 9.6% and the S&P 500 SPX, -0.29% has precocious 18.2%.

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