Sounds good anyway...
That's why I am unashamed to say this article
SEC blocks Chicago Stock Exchange sale to China-based investors
was an real eye opener.
I never thought in a million years that a market which bought and sold shares of public companies could be privately owned!
Incredible! Here are a few other tid bits of info I found especially interesting:
- CHX is a niche player in the industry, handling just 0.5 percent of U.S. equities trades. (I'm from Chicago. This sounds so cute and adorable. CHX is like the 'Cubbies' of Wall street!)
- The acquisition, which was proposed in February 2016 by Chongqing Casin Enterprise Group was worth around $25 million. (That's how much the Chicago White Sox paid for Cuban outfielder Luis Robert in 2017)
- If the deal had been approved it would not be the first time a U.S. exchange had foreign owners. Deutsche Boerse AG bought the U.S.-based International Securities Exchange for $2.8 billion in 2007, before selling it to Nasdaq Inc for $1.1 billion in 2016. (A 1.7 billion dollar loss? Now that's what I call a tax write-off!)
Read the full article here: SEC blocks Chicago Stock Exchange sale to China-based investors
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