will acquire in a cash-and-stocktransaction valued at approximately $3.2 billion.
The dealwill expand CBOE's product line across asset classes, broaden its geographic reachwith Bats Global's pan-European equities and global foreign exchange positions,and diversify its business mix with non-transactional revenue streams. CBOE expectsto utilize Bats Global's proprietary trading technology by migrating trading inall of the combined company's markets onto a single platform.
The transactionis expected to close in the first half of 2017.
More details to follow.