Pact with CBOE could help bid for Board of Trade
CBOT shareholders to receive improved exchange ratio and increased ownership of combined company
Net income grew 42% in Q1
CBOT will review competing bid from IntercontinentalExchange before deciding on the next step
Talks permitted under merger agreement with CME
Competing bid would create world’s most comprehensive derivatives exchange
Merger expected to close by mid-year
Another alternative for investors to hedge their risk associated to weather
Futures on commodities will be available throughout the business week with a one-hour trading halt each day
Measure designed to attract new market participants