Chicago Stock Exchange considers its options after US regulator blocks sale
A lack of transparency by US and China-based investors leads the Securities and Exchange Commission to kill the politically sensitive sale
New York — The Chicago Stock Exchange said on Friday it was evaluating its options after the US Securities and Exchange Commission blocked the sale of the bourse to a group of US and China-based investors due to the opaque nature of the buyers and their funds. The SEC killed the politically sensitive deal on Thursday, ending a two-year effort to sell the exchange, known as CHX, to a consortium of investors led by China’s Chongqing Casin Enterprise Group and its US affiliate North American Casin Holdings. "By disapproving the transaction, the SEC has denied the American public an historic and unprecedented opportunity to build a mutually beneficial economic bridge between the world’s largest economies, while unfairly disadvantaging our company and shareholders," CHX said in a statement. SEC staff initially approved the roughly $25m deal for the privately held exchange. But the agency’s commissioners, led by Jay Clayton, an appointee of US President Donald Trump, stayed the decision p...
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