CME, D Börse Discussed Merger In 2007

CME Group had explored a possible merger with Deutsche Börse in late 2007, but the two companies could not agree on a price.

CME Group had explored a possible merger with Deutsche Börse in late 2007, but the two companies could not agree on a price, The Wall Street Journal reports. CME started talks with Deutsche Börse and some of its largest shareholders, including hedge funds Atticus Capital and The Children’s Investment Fund, about buying the Frankfurt exchange. Deutsche Börse officials sought $205 a share, but CME officials offered $164 a share and the talks fell through. CME is also expected to break up the German company’s $10 billion acquisition of NYSE Euronext.

Click here for the story from The Wall Street Journal.