CME Issues Statement on Proposed CME/CBOT Merger
March 15 2007 - 12:56PM
PR Newswire (US)
CHICAGO, March 15 /PRNewswire-FirstCall/ -- CME, the world's
largest and most diverse financial exchange, issued the following
statement today in regard to its proposed merger with The Chicago
Board of Trade (CBOT): We are confident that the CME/CBOT merger
will create a strong combination and provide significant and unique
benefits for shareholders and customers of both companies. We are
working toward the successful completion of our transaction.
Important Merger Information CME and CBOT have filed a definitive
prospectus/joint proxy statement with the Securities and Exchange
Commission (SEC) in connection with the proposed transaction. This
material is not a substitute for the definitive prospectus/proxy
statement or any other documents CME and CBOT have filed or will
file with the SEC. Investors and security holders are urged to read
the definitive prospectus/proxy statement and any other relevant
documents filed or to be filed by CME or CBOT because they contain
or will contain important information about the proposed
transaction. The definitive prospectus/proxy statement is, and
other documents filed or to be filed by CME and CBOT with the SEC
are or will be, available free of charge at the SEC's Web site (
http://www.sec.gov/ ) or from Chicago Mercantile Exchange Holdings
Inc., Shareholder Relations and Membership Services, 20 South
Wacker Drive, Chicago, Illinois 60606, Attention: Beth Hausoul. CME
and its directors, executive officers and other employees may be
deemed to be participants in the solicitation of proxies in
connection with the proposed transaction. Information about CME's
directors and executive officers is available in CME's proxy
statement, dated March 14, 2007, for its 2007 annual meeting of
stockholders. Additional information about the interests of
potential participants is included in the definitive
prospectus/proxy statement referred to above. This document shall
not constitute an offer to sell or the solicitation of an offer to
buy any securities, nor shall there be any sale of securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offering of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the U.S. Securities Act of 1933, as
amended. About CME Holdings CME Holdings (NYSE:CMENASDAQ:CME)
became the first publicly traded U.S. financial exchange on Dec. 6,
2002. The company was added to the Russell 1000(R) Index on July 1,
2003, and to the S&P 500(R) Index on Aug. 10, 2006. It is the
parent company of Chicago Mercantile Exchange Inc., the world's
largest and most diverse financial exchange. As an international
marketplace, CME brings together buyers and sellers on the CME
Globex(R) electronic trading platform and on its trading floors.
CME offers futures and options on futures in these product areas:
interest rates, stock indexes, foreign exchange, agricultural
commodities, energy, and alternative investment products such as
weather, real estate and economic derivatives. CME is a wholly
owned subsidiary of CME Holdings. Forward-Looking Statements This
press release may contain forward-looking information regarding
Chicago Mercantile Exchange Holdings Inc. and CBOT Holdings, Inc.
and the combined company after the completion of the merger that
are intended to be covered by the safe harbor for "forward-looking
statements" provided by the Private Securities Litigation Reform
Act of 1995. These statements include, but are not limited to, the
benefits of the business combination transaction involving CME and
CBOT, including future financial and operating results, the new
company's plans, objectives, expectations and intentions and other
statements that are not historical facts. Such statements are based
on current beliefs, expectations, forecasts and assumptions of CME
and CBOT's management which are subject to risks and uncertainties
which could cause actual outcomes and result to differ materially
from these statements. Other risks and uncertainties relating to
the proposed transaction include, but are not limited to the
satisfaction of conditions to closing; including receipt of
shareholder, member, antitrust, regulatory and other approvals on
the proposed terms; the proposed transaction may not be consummated
on the proposed terms; uncertainty of the expected financial
performance of CME following completion of the proposed
transaction; CME may not be able to achieve the expected cost
savings, synergies and other strategic benefits as a result of the
proposed transaction; the integration of CBOT with CME's operations
may not be successful or may be materially delayed or may be more
costly or difficult than expected; general industry and market
conditions; general domestic and international economic conditions;
and governmental laws and regulations affecting domestic and
foreign operations. For more information regarding other related
risks, see Item 1A of CME's Annual Report on Form 10-K for the
fiscal year ended December 31, 2006. Copies of said 10-K is
available online at http://www.sec.gov/ or on request from the CME.
You should not place undue reliance on forward-looking statements,
which speak only as of the date of this press release. Except for
any obligation to disclose material information under the Federal
securities laws, CME undertakes no obligation to release publicly
any revisions to any forward-looking statements to reflect events
or circumstances after the date of this press release. CME-G
DATASOURCE: CME CONTACT: Media, Anita Liskey, +1-312-466-4613, or
+1-312-735-8012 mobile, or Allan Schoenberg, +1-312-930-8189, or
+1-312-907-1641 mobile, or , or Investors, John Peschier,
+1-312-930-8491, all of CME Web site: http://www.cme.com/
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