Pacific market, CBOE agree on merger plan

Article Abstract:

A merger between the Pacific Exchange and the Chicago Board Options Exchange (CBOE) has been announced in principle. The agreement, which was approved by the two exchange's boards, would lead to the loss of Pacific Exchange's separate identity and its departure from stock-trading operations. CBOE would lead a combined board drawn from members of both exchanges. The merger, the latest in a string of mergers of US securities markets, is an attempt to address punitive technology costs and competition from newly-consolidated securities companies.

Comment:

An agreement for merger of Pacific Exchange and Chicago Board Options Exchange approved by both company's boards

Acquisitions & mergers

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CBOE, Pacific Exchange discuss merger

Article Abstract:

The Chicago Board Options Exchange (CBOE) and the Pacific Exchange are engaged in merger talks that could bring about the combining of the largest and the third-largest options markets in the US. The merger talks between the two exchanges are still in a preliminary stage. In the end, the merger may not take place. However, the board of Pacific reached a "lockup" agreement in which both exchanges will enter exclusive talks with each other for one month.

Comment:

Engaged in merger talks with CBOE

Strategy & planning

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K-tel prime listing on Nasdaq market falls into jeopardy

Article Abstract:

K-tel International Inc. discloses that it might not be able to meet financial requirements to list as a national issue on the Nasdaq Stock Market, causing its shares to drop 32%. The company will have to lay out its plans to increase its assets, or else it will have to list on Nasdaq's Small-Cap Market.

Security and commodity exchanges, Mail Order Houses, Electronic Shopping and Mail-Order Houses, Securities issued, listed, Catalog and mail-order houses, Misc Stock Exchanges, Stock-exchange, Stock exchanges, Mail-order industry, Mail order business, Securities, Securities listing, Nasdaq Stock Market Inc., K-Tel International Inc., KTEL

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