Evercore cuts rating of CBOE, which misses merger wave:

04/4/2011 | Bloomberg

Evercore Partners lowered the rating of CBOE Holdings stock, noting that a consolidation of exchanges has left "no potential buyers" for the derivatives exchange. "We believe recent exchange deal activity has left a dearth of potential buyers for CBOE, which should result in the takeout premium fading from the stock," Evercore analyst Chris Allen wrote.

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