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from the At-least-the-TLA-wouldn't-have-changed dept.
US rejects China-led bid for Chicago Stock Exchange
The US has rejected a proposed merger between the Chicago Stock Exchange and a Chinese-linked investor group. The decision comes after more than two years of reviews by officials.
The tie-up was initially approved by the Committee on Foreign Investment in the United States, pending further approval by the Securities and Exchange Commission (SEC). But US politicians, including President Trump, have said letting a Chinese firm invest in a US exchange was a bad idea.
Under the proposal, the Chinese-led North America Casin Holdings group would have bought CHX Holdings, which owns the Chicago Stock Exchange. The exchange, which handles just 0.5% of US stock trades, had said the deal would have provided the exchange with "vital capital". That funding would have been used "to boost numerous initiatives designed to benefit the city of Chicago, the US economy and market structure as a whole".
Also at Bloomberg, NYT, Reuters, and CNN.
(Score: 2, Funny) by realDonaldTrump on Saturday February 17 2018, @05:36PM
That's another beauty. Another industry with far too many BURDENSOME REGULATIONS. In the good times you barely scrape by. When the bad times come, you're bleeding very badly. I got into it at a very bad time, I had to do bankruptcy. My businesses in that area went bankrupt. But I did tremendously well personally. It fueled a lot of growth for me. The money I took out of there was incredible. Let me tell you, I should have perhaps become an Indian myself. Like Pocahontas, I call her Pocahontas. I think I might have more Indian blood than a lot of the so-called Indians that are trying to open up the reservations. They don't look like Indians to me and they don't look like Indians to Indians. DISGRACEFUL!