Caledonia Announces Support for CME/CBOT Merger
06 7월 2007 - 10:34PM
PR Newswire (US)
SYDNEY, Australia, July 6 /PRNewswire-FirstCall/ -- Caledonia
Investments Pty. Ltd., the Sydney based investment group and
largest shareholder of CBOT, today announced that they now support
a CME/CBOT merger and encourage all other shareholders to vote
"Yes" on July 9. "We have always supported this merger from a
strategic rationale and long- term growth perspective," said Will
Vicars, Managing Director, Caledonia. "We continue to believe this
combination makes massive sense for the industry, for the
shareholders of both companies and customers. Now, with the CME's
latest enhancement, we fully endorse this merger and will vote in
favor of this transaction. This combination offers a better
strategic growth proposition than any ICE proposal. While ICE may
continue to try to enhance their offer, we believe a CME/CBOT
combination offers the best opportunity for continued growth than
any other combination this industry can possibly have." CME and
CBOT announced their merger plans in October. This week, CME
increased the exchange ratio offered in its agreement to 0.3750
from 0.3500. DATASOURCE: CME CONTACT: Media: Anita Liskey,
+1-312-466-4613, or Allan Schoenberg, +1-312-930-8189, both ofCME;
or Chuck Burgess of Abernathy MacGregor Group, +1-212-371-5999, for
CME; or Maria C. Gemskie of CBOT, +1-312-347-3257; or Harlan Loeb
of Financial Dynamics, for CBOT, +1-312-861-4703; or Investors:
John Peschier of CME, +1-312-930-8491; or Deborah Koopman of CBOT,
+1-312-789-8532 Web site: http://www.cme.com/
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