The Chicago Board of Trade (CBOT) received approval from Canadian securities regulators for its demutualization on January 8, 2002. The demutualization will result in the creation of a stock for profit holding company and the distribution of shares to members of a new CBOT as well as a modernization of its corporate governance structure and the consolidation of its electronic trading business into a new wholly owned subsidiary formed for that purpose. The CBOT memberships have an aggregate market value equal to US$588,849,700.
Barbara Hendrickson and Adam Balinsky (securities) of Baker & McKenzie in Toronto were responsible for compliance, filing and discretionary relief applications in Canada for the demutualization. Dan Goelzer of Baker & McKenzie adivsed on U.S. legal matters.
Barbara Hendrickson and Adam Balinsky (securities) of Baker & McKenzie in Toronto were responsible for compliance, filing and discretionary relief applications in Canada for the demutualization. Dan Goelzer of Baker & McKenzie adivsed on U.S. legal matters.
Lawyer(s)
Barbara Hendrickson
Daniel L. Goelzer
Adam I. Balinsky
Firm(s)
Baker & McKenzie LLP
Baker & McKenzie LLP