Deal Could Pave Way For CBOE To Launch Stock

Law360, New York (August 21, 2008, 12:00 AM EDT) -- The Chicago Mercantile Exchange Group's Chicago Board of Trade has hashed out the details of a settlement with the Chicago Board of Options Exchange that could end a legal dispute and pave the way for the options exchange to go public in a deal potentially worth billions.

“As a result, CBOE will be free to demutualize and has agreed to take reasonable steps to demutualize as soon as commercially possible,” the CME Group said in a statement Wednesday.

Members of the CBOT sued the CBOE in...
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