Chinese Bidder for Chicago Bourse Reaps $700 Million: ChartBloomberg News
Shares of Chongqing Casin Enterprise Group’s listed real estate unit have soared since the firm’s bid for the Chicago Stock Exchange, despite opposition to the offer from U.S. politicians. Shares of Casin Guoxing Property Development Co. have surged 27 percent since agreeing to buy the 134-year-old U.S. bourse on Feb. 5, boosting its market value by almost $700 million. That’s at least seven times the amount the company reportedly offered.
— With assistance by Allen Wan, and Michael Patterson