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New Deal


Announced

Completed

Cboe Global Markets completed the acquisition of BIDS Trading.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Single Bidder

trading services

Acquisition

Friendly

Majority

United States

securities trading services

Diversified Financials

Private

Completed

Synopsis

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Cboe Global Markets, a market operator and global trading solutions provider, completed the acquisition of BIDS Trading, a registered broker-dealer and operator of the BIDS Alternative Trading System. Financial terms were not disclosed. "We are pleased to build upon our innovative and successful partnership with BIDS Trading, which began with the 2016 launch of Cboe LIS, now one of the largest European equities block trading platforms. he acquisition complements our US equities trading business by expanding our presence into the off-exchange space. We are excited by the opportunity to further diversify and expand our equities trading offering and begin competing in this segment of the market. I look forward to welcoming Tim and the BIDS Trading team to Cboe," Ed Tilly, Cboe Global Markets Chairman, President and Chief Executive Officer.

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