CBOE Reportedly in Talks to Buy BATS, Looks to Gain ETF Foothold
Posted: Thu Sep 22, 2016 10:07 pm
Shares of Lenexa-based Bats Global Markets (BATS: BATS) rose sharply in after-market trading on Thursday following a report that CBOE Holdings (NASDAQ: CBOE), operator of the largest U.S. options marketplace, was in talks to acquire the nation’s second largest stock exchange, Bloomberg reported, citing people familiar with the matter.
After news of the negotiations broke, shares of Bats Global Markets jumped briefly 28.5 percent, while CBOE’s shares swung marginally on the news and were 1 percent higher at $69.65 in late morning trade. Just five months after Bats went public in a long-awaited IPO, the exchange operator had a market capitalization ... (read more)