BREAKING!!! CHICAGO CME GROUP BUYS KANSAS CITY BOARD OF TRADE FOR $126 MIL!!!
KCBT.com - CME Group, the world’s leading and most diverse derivatives marketplace, and the Kansas City Board of Trade, the leading futures market for hard red winter (HRW) wheat, today announced they have signed a definitive agreement under which CME Group will acquire the Kansas City Board of Trade (KCBT).
Under the terms of the transaction, CME Group will pay $126M in cash for KCBT.
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Read the presser in full and for yourself
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4 Comments:
Couldn't you just buy all the wheat you wanted for that much?
agreed!
Another KC institution sold.
they got it cheap. That's a drop in the bucket for the Chicago money.
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