CME Denies It’s in Talks for $16 Billion Takeover of Cboe
- CBOE shares surge, then fall back after CME Group’s denial
- Longstanding speculation has surrounded the two exchanges
Photographer: Daniel Acker/Bloomberg
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CME Group Inc. said it’s not in talks to acquire Cboe Global Markets Inc., whose shares surged after the Financial Times said it was the target of a $16 billion takeover approach.
“CME Group denies all rumors that is in conversations to acquire Cboe Global Markets,” the company said in an emailed statement Wednesday. “The company has not had any discussions with Cboe whatsoever. While the company does not typically comment on rumor or speculation, today’s inaccurate information required correction.”