CME plans $1.1B shares buyback
June 26th, 2008
CME Group says it will repurchase $1.1 billion in shares and pay a $5 special dividend.
The operator of the Chicago Mercantile Exchange and Chicago Board of Trade says it will pay for the moves with excess cash generated from operations.
CME (CME), which recently bought CBOT and is buying the New York Mercantile Exchange, says its "need to significantly build cash balances has changed."
The share buyback will take place over the next 18 months.
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