CME denies report of buyout bid for Cboe, saying 'inaccurate' report needed 'correction'

Shares of Cboe Global Markets Inc. rose 1.5% in afternoon trading, but pulled back sharply, after CME Group Inc. denied that it had any discussions regarding a buyout of the rival exchange. Just prior to the denial, was up about 8.4%. CME shares was recently down 2.7%, paring a pre-denial decline of about 4.1%. "The company has not had any discussions with Cboe whatsoever," CME said in a statement. "While the company does not typically comment on rumor or speculation, today's inaccurate information required correction." CME was referring to a report in the Financial Times that said CME was making an all-stock bid valued at $16 billion to buy Cboe, which sent Cboe shares surging and knocked CME shares lower. Cboe had said it didn't comment on "rumors or speculation." 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.

CME denies report of buyout bid for Cboe, saying 'inaccurate' report needed 'correction'
Shares of Cboe Global Markets Inc. rose 1.5% in afternoon trading, but pulled back sharply, after CME Group Inc. denied that it had any discussions regarding a buyout of the rival exchange. Just prior to the denial, was up about 8.4%. CME shares was recently down 2.7%, paring a pre-denial decline of about 4.1%. "The company has not had any discussions with Cboe whatsoever," CME said in a statement. "While the company does not typically comment on rumor or speculation, today's inaccurate information required correction." CME was referring to a report in the Financial Times that said CME was making an all-stock bid valued at $16 billion to buy Cboe, which sent Cboe shares surging and knocked CME shares lower. Cboe had said it didn't comment on "rumors or speculation." 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.