© Reuters. FILE PHOTO: Men enter the CME Group offices in New York, U.S., October 18, 2017. REUTERS/Brendan McDermid
(Reuters) – Exchange operator CME Group Inc (NASDAQ:) on Wednesday denied a media report that it approached rival Cboe Global Markets (NYSE:) Inc with a $16 billion all-share takeover offer.
The Financial Times, citing people familiar with the talks, earlier reported https://on.ft.com/3sBe1qY CME offered 0.75 of its own shares for each Cboe share, representing a per-share value of $150.
CME said in a statement that the report was not true.
“CME Group denies all rumors that it is in conversations to acquire Cboe Global Markets. The company has not had any discussions with Cboe whatsoever,” it said.
Shares of Cboe, which declined to comment on the report, were up 1.7%, while those of CME were 2.4% lower.
Cboe owns the Cboe Volatility Index, or , and offers trading across products such as options, futures and equities.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.