Chicago Mercantile Exchange Holdings Inc. and CBOT Holdings, Inc. announced that preliminary results indicate the shareholders of both companies have approved the proposed merger of CME and CBOT Holdings
“We are pleased that shareholders of both companies have demonstrated support for this merger,” says CME Executive Chairman Terry Duffy. “The combined company will transform the global derivatives industry and create efficiencies for customers and members while delivering significant benefits to our shareholders.”
“Today’s votes clear the way for us to combine our two great exchanges and begin delivering the value of the merger to our customers and shareholders,” says CBOT Chairman Charles P. Carey.
Upon completion of the merger, the combined company, which will be called CME Group Inc., a CME/Chicago Board of Trade Company, will be the world’s largest and most diverse exchange, providing products in all major benchmark asset classes.