The completion of the Chicago Mercantile Exchange acquisition of the Chicago Board of Trade ends the 159-year history of the CBOT as an independent company. It also ends the impressive 21-month history of the CBOT stock (BOT). The CBOT stock actually outperformed the CME stock in their initial few months. The CBOT had an offering price of $54—which was raised from $44 the week before the IPO—and opened at $80.75 and never looked back.
The above weekly chart shows the complete history of the CBOT stock. The red bar is the week the CME and CBOT declared their definitive merger agreement; the green bar is the week the Intercontinental Exchange (ICE) placed its unsolicited bid for the CBOT.
