CME Group (CME), Deutsche Boerse May Enter Merger Talks Soon
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Price: $75.96 -1.71%
Overall Analyst Rating:
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EPS Growth %: -82.3%
Overall Analyst Rating:
NEUTRAL (
Up)Dividend Yield: 2.6%
EPS Growth %: -82.3%
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CME Group (NYSE: CME) is flat in early trading amid reports that it Deutsche Börse ("Boerse") AG about a potential merger.
Bloomberg notes that CME contacted Deutsche Börse late in 2012, ahead of IntercontinentalExchange's (NYSE: ICE) plan to acquire NYSE Euronext (NYSE: NYX). With Deutsche Börse's bid to acquire NYSE Euronext last year, the futures exchange is unsurprisingly hesitant to enter further merger talks.
The two exchanges met again in January to determine whether a merger would make sense. Formal discussions haven't begun yet, no offer has been made, and terms haven't been discussed.
CME's largest business is interest rate futures, while Deutsche Börse's Eurex runs the euro-bund future, Bloomberg said Monday. Following a recent rally in 2013, CME boasts a market cap of about $19.4 billion, while Deutsche Börse's cap comes in at $11.9 billion.
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Bloomberg notes that CME contacted Deutsche Börse late in 2012, ahead of IntercontinentalExchange's (NYSE: ICE) plan to acquire NYSE Euronext (NYSE: NYX). With Deutsche Börse's bid to acquire NYSE Euronext last year, the futures exchange is unsurprisingly hesitant to enter further merger talks.
The two exchanges met again in January to determine whether a merger would make sense. Formal discussions haven't begun yet, no offer has been made, and terms haven't been discussed.
CME's largest business is interest rate futures, while Deutsche Börse's Eurex runs the euro-bund future, Bloomberg said Monday. Following a recent rally in 2013, CME boasts a market cap of about $19.4 billion, while Deutsche Börse's cap comes in at $11.9 billion.
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