Posted on 02/05/2016 10:51:16 AM PST by Olog-hai
The Chicago Stock Exchange, founded more than a century ago, said it has agreed to be acquired by a Chinese-led investor group.
The buyers are considering opening a stock exchange in southwest China and also hope to list Chinese stocks in the U.S., Chicago Stock Exchange CEO John Kerin said in an interview Friday. The exchange needs the cash from the buyout to launch its new trading products and platforms, Kerin said.
Terms of the deal were not disclosed. Kerin will continue as CEO after the deal closes.
Leading the investor group is Chongqing Casin Enterprise Group, a holding company based in Chongqing, China. Efforts to reach Chongqing Casin Enterprise Group were unsuccessful. ...
(Excerpt) Read more at hosted.ap.org ...
And to think we were once terrified of the Japanese buying everything.
They’ll have to go through Donald Trump first!
Will be sold long before DJT makes it to POTUS - if he does. Will sail through 0bama ...
This group of Chinese investors may be independent investors or representatives of the Chicom government.
This might be the ultimate example of capitalists selling the rope to those who will string them up.
No need for concern here.
This is EXACTLY the kind of deal Trump talks about that screws the US every which way. Will we be smart enought el elect him to fix it?
There are no independent investors from Red China. They all represent the Party in the Northern Capital.
Great. Now when you trade a share, half an hour later you’ll want to trade it again.
Thats how that exchange works now.
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