Friday, June 22, 2007

UPDATE 1-ICE to buy Winnipeg Commodity Exchange for C$40 mln

(Reuters) - The 120-year-old WCE, known for its flagship canola contract, had said
in April it hired an investment bank to look at its options because of
global consolidations among exchanges.




The deal, which ICE expects to close in the third quarter, must be
approved by two-thirds of the Winnipeg exchange's shareholders, the
majority of which are grain companies, the WCE said.


Read more at Reuters.com Mergers News

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