Resubmitted

Two days after IntercontinentalExchange (ICE) resubmitted an enhanced acquisition bid for the Chicago Board of Trade (CBOT), the Chicago Mercantile Exchange (CME) on Thursday added value to its own bid for the 159-year-old global derivative exchange. As a result, CBOT’s board of directors announced that ICE’s new bid was not superior to the just revised CME offer. The real test will come July 9 when CBOT’s members and shareholders will get to vote on the proposed merger with CME.