Pacific market, CBOE agree on merger plan
Article Abstract:
A merger between the Pacific Exchange and the Chicago Board Options Exchange (CBOE) has been announced in principle. The agreement, which was approved by the two exchange's boards, would lead to the loss of Pacific Exchange's separate identity and its departure from stock-trading operations. CBOE would lead a combined board drawn from members of both exchanges. The merger, the latest in a string of mergers of US securities markets, is an attempt to address punitive technology costs and competition from newly-consolidated securities companies.
Comment:
An agreement for merger of Pacific Exchange and Chicago Board Options Exchange approved by both company's boards
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
CBOE, Pacific Exchange discuss merger
Article Abstract:
The Chicago Board Options Exchange (CBOE) and the Pacific Exchange are engaged in merger talks that could bring about the combining of the largest and the third-largest options markets in the US. The merger talks between the two exchanges are still in a preliminary stage. In the end, the merger may not take place. However, the board of Pacific reached a "lockup" agreement in which both exchanges will enter exclusive talks with each other for one month.
Comment:
Engaged in merger talks with CBOE
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
K-tel prime listing on Nasdaq market falls into jeopardy
Article Abstract:
K-tel International Inc. discloses that it might not be able to meet financial requirements to list as a national issue on the Nasdaq Stock Market, causing its shares to drop 32%. The company will have to lay out its plans to increase its assets, or else it will have to list on Nasdaq's Small-Cap Market.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: International linkages in Euromark futures markets: information transmission and market integration. Valuation of a European futures option in the BIFFEX market
- Abstracts: Union Pacific to repurchase track, save lines. U.S. approves plan to divide Conrail in two
- Abstracts: Bell Atlantic and GTE agree on a merger. SPX is buying General Signal for $2 billion. Wells Fargo and Northwest near a merger: with a $31.5 billion vallue, pact would produce a western bank giant
- Abstracts: Mondavi says net to trail estimates for the 4th period. A wine label with a bouquet of controversy
- Abstracts: Duke tests nuclear agency on renewing plant license. The nuclear power elite; a small circle of companies seeks control of reactors