CBOT Confirms No "Ex-Dividend" Date
CBOT Holdings, Inc., holding company for the Chicago Board of Trade (CBOT®) (NYSE: BOT), one of the leading global derivatives exchanges, today confirmed that the New York Stock Exchange has not established an “ex-dividend” date in connection with the previously announced conditional special dividend that is a part of its merger with Chicago Mercantile Exchange Holdings Inc. (CME).
As previously announced, CBOT Holdings has declared a one-time, conditional special cash dividend in the amount of $9.14 per share. The payment of such dividend will be conditioned upon, and such dividend shall only become payable upon, the satisfaction or waiver of all conditions to the proposed merger between CBOT Holdings and CME set forth in their merger agreement. CBOT Holdings will pay the dividend immediately prior to the closing of the merger.
Although July 5, 2007 was set as the record date for the special dividend, CBOT Holdings has been advised by the NYSE that, since the payment of the special dividend is conditional, the NYSE will not establish an “ex-dividend” date. As a result, stockholders that sell their shares of CBOT Holdings Class A common stock on the NYSE prior to the completion of the merger with CME will lose the benefit of the special dividend. Holders of CBOT Holdings Class A common stock must hold the stock at the close of trading on the date of the closing of the merger with CME in order to receive the benefit of the special dividend.
Stockholders are encouraged to consult with their brokers or financial advisors for more information regarding these procedures.
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