DOJ Greenlights CME/CBOT Merger

Law360, New York (June 11, 2007, 12:00 AM EDT) -- The U.S. Department of Justice's Antitrust Division removed one the last remaining obstacles to a merger that would create the world's largest derivatives exchange, closing its investigation into the proposed acquisition of CBOT Holdings Inc. by Chicago Mercantile Exchange Holdings Inc. and announcing that the merger is unlikely to stymie competition.

Despite the fact that the two exchanges account for most financial futures traded on exchanges in the U.S., the merger would not have a deleterious effect on competition because the products offered by the two...
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