Cboe stock spikes up after FT report of CME buyout bid

Share of Cboe Global Markets Inc. spiked up 7.4% in afternoon trading Wednesday, after the Financial Times reported that CME Group Inc. was making an all-stock bid valued at $16 billion to buy the revival exchange. "As a matter of policy, Cboe does not comment on market rumors or speculation," Cboe said in an emailed statement to MarketWatch. Cboe's stock was briefly halted for at 1:30 p.m. Eastern for volatility; just prior to the halt, the stock was little changed at around $124.13. At current prices, Cboe's market capitalization was about $14.2 billion. CME shares fell 2.9% in afternoon trading. Cboe's stock has rallied 43.1% year to date, while CME shares have gained 9.6% and the S&P 500 has advanced 18.2%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Cboe stock spikes up after FT report of CME buyout bid
Share of Cboe Global Markets Inc. spiked up 7.4% in afternoon trading Wednesday, after the Financial Times reported that CME Group Inc. was making an all-stock bid valued at $16 billion to buy the revival exchange. "As a matter of policy, Cboe does not comment on market rumors or speculation," Cboe said in an emailed statement to MarketWatch. Cboe's stock was briefly halted for at 1:30 p.m. Eastern for volatility; just prior to the halt, the stock was little changed at around $124.13. At current prices, Cboe's market capitalization was about $14.2 billion. CME shares fell 2.9% in afternoon trading. Cboe's stock has rallied 43.1% year to date, while CME shares have gained 9.6% and the S&P 500 has advanced 18.2%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.