CBOE Agrees to Buy Market Operator Bats for $3.2 Billion

Updated on
  • Tilly to become CEO, Concannon to be president and COO
  • Deal is expected to be completed in the first half of 2017

CBOE Holdings Inc., which invented the options market in 1973 with the Chicago Board Options Exchange, agreed to acquire Bats Global Markets Inc. for about $3.2 billion to expand into stocks, ETFs and currencies trading.

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