CME Group, the derivatives exchange, has acquired a 90% stake in Dow Jones Indexes for $675m, after the two firms signed a definitive agreement.
The transaction is due to be finalised during the first quarter of this year, pending approval by regulators and completion of closing conditions. CME Group executive chairman Terry Duffy says: "Joining the resources and expertise of one of the world's leading marketplaces for equity index derivatives trading with a premier index provider is an exciting next step that will allow us to expand our index and market data offerings as well as to fuel growth opportunities in our equity index complex." While Dow Jones & Company will bring its indices business, valued at $675m, to the partner...
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