(Reuters) CHICAGO – CBOE Holdings Inc, the smallest publicly traded U.S. financial exchange even after its $339 million initial public offering last month, is not seeking to bulk up through a merger, CEO William Brodsky said.”I look at it and I say, ‘is it bigness that’s the answer, or is it growth that’s the answer?’,” Brodsky said Monday in an interview at the Chicago Board Options Exchange’s headquarters, across the street from CME Group Inc’s trading floor.”I’d rather have growth than just bigness for the sake of it,” he said.CBOE is the only large North American financial exchange to have stayed clear of the wave of exchange industry consolidation in recent years, but analysts and investors do not believe CBOE will last long alone.CME, whose buy of two rivals since 2007 helped cement it as the largest U.S.
Posts Tagged ‘Suitors’
CBOE CEO Brodsky Keen on Organic Growth, not M&A
July 29th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Brodsky, Cboe, Chicago Board Options, Chicago Board Options Exchange, Electronic Exchange, Exchange Industry, Financial Exchange, Industry Consolidation, Initial Public Offering, New Exchange, New Stream, Nyse Euronext, Omx, Organic Growth, Permit Applications, Repetto, S Trading, Sandler O Neill, Suitors, Trading Platform, Transaction Fees 
Comments OffCBOE’s IPO plan leaves door open for potential suitors
December 10th, 2009 Before You Invest (Crain’s) — The Chicago Board Options Exchange said Thursday it plans to pursue an initial public offering of shares next year, but the company could still be bought before then, according to one of its largest investors.“I don’t reckon anything is precluded yet,” said Thomas Caldwell, chairman of New York-based Caldwell Asset Management, which controls 51 of the CBOE’s 930 seats.
Posted in Finance Fraud Tags: Acquirer, Brodsky, Cboe, Chicago Board Options, Chicago Board Options Exchange, Demutualization, Feelers, Footing, Futures Exchange, Initial Public Offering, Ipo, Nylons, Ownership Dispute, Registration Papers, S Endorsement, Securities And Exchange Commission, Stock Options, Suitors, Takeover Target, Thomas Caldwell No Comments »Tesco could buy Northern Rock
July 3rd, 2009 Before You Invest The UK’s largest supermarket group Tesco is interested in buying the nationalized bank Northern Rock, the Times has claimed.Government ministers are keen to return the troubled lender to the private sector, preferably at a profit, before the next general election with an outright sale preferred to floatation because it will be quicker, the newspaper added.In order to attract potential buyers, the Treasury plans to split the bank’s excellent and terrible assets, with some of the most toxic assets likely to stay in public ownership. The Times said Northern Rock currently has deposits of £19.5 billion, with a mortgage book worth around £66.7 billion.But, ministers may have to wait for the European Commission to clear any division of excellent and terrible assets, as this may constitute an unacceptable level of state aid, the publication noted.Other potential suitors are believed to include Sir Richard Branson’s Virgin Group and a number of private equity funds.Northern Rock was nationalized in February 2008.
