ICE Makes Bid For CBOT

IntercontinentalExchange Inc. (ICE) made an unsolicited $9.9 billion all-stock bid for commodities exchange CBOT Holdings (BOT) to top the $8 billion offer by Chicago Mercantile Exchange Holdings (CME). Shares of ICE dropped $3.83 to close at $128.10 while CBOT stock leaped $28.86 to close at $194.95. CME stock tumbled $31.09 to close at $532.88.