Chicago Mercantile Seeks to Sell More Stock
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The Chicago Mercantile Exchange, which last year became the first U.S. exchange to sell shares to the public, filed with the Securities and Exchange Commission to sell more stock.
The shares will be sold by existing shareholders and the exchange won’t receive any proceeds, it said in a news release. The number of shares to be sold will depend on the level of interest, the exchange said.
Morgan Stanley and UBS Warburg will manage the sale, the exchange said. Citigroup Inc., J.P. Morgan Chase & Co. and William Blair & Co. will act as co-managing underwriters.
Chicago Mercantile’s stock fell $1.70 to $46.70 in New York Stock Exchange trading.
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