Shares of Cboe Global Markets Inc. CBOE, spiked up 7.4% in afternoon trading Wednesday, after the Financial Times reported that CME Group Inc. CME, -2.32% was making an all-stock bid valued at $16 billion to buy the revival exchange. “As a matter of policy, Cboe does not comment on market rumors or speculation,” Cboe said in an emailed statement to MarketWatch. Cboe’s stock was briefly halted for at 1:30 p.m. Eastern for volatility; just prior to the halt, the stock was little changed at around $124.13. At current prices, Cboe’s market capitalization was about $14.2 billion. CME shares fell 2.9% in afternoon trading. Cboe’s stock has rallied 43.1% year to date, while CME shares have gained 9.6% and the S&P 500 SPX, -0.24% has advanced 18.2%.
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