Reuters hours ahead in reporting landmark CBOE-CME accord – 20th August

Reuters was hours ahead of rivals on August 20 in reporting a landmark deal on ownership rights betwen the Chicago Board Options Exchange and its one-time parent, the Chicago Board of Trade (now the CME Group). The deal is vital for the CBOE as it opens the door for it to do an IPO and is widely expected to eventually lead to its acquisition by another exchange. CME shareholders and CBOE members had squabbled for months in dueling lawsuits in Delaware over just who would get how much and when if the CME untied itself from its legacy ownership rights to CBOE and CBOE (as many expect) sells shares to the public in what will be a mega-IPO. The Reuters story beat Dow Jones by more than three hours. Bloomberg picked up her story more than two hours after it ran.