CME Group, the world’s largest derivatives exchange, is in talks to take over the Chicago Board Options Exchange in a deal that would value the largest US options market at up to $5bn, according to Crain’s Chicago Business, reports Reuters. No formal bid is on the table, however, and further talks are on hold until after Wednesday. Bloomberg meanwhile reports that CBOE may have to resolve legal challenges to its ownership structure before being sold.

This entry was posted by Gwen Robinson on Monday, October 19th, 2009 at 4:52 and is filed under Capital markets, Commodities, M&A. Tagged with CBOE, cme. Edit this entry.