Urbana Corporation pleased with the Delaware court’s decision regarding the Chicago Board Options Exchange
Toronto, Ontario – June 4th, 2009 – Urbana Corporation (“Urbana”) (TSX: URB / URB.A) buys seats and shares in private and public securities exchanges in North America and around the world. Urbana’s largest private exchange investment is the 22 seats it owns on the Chicago Board Options Exchange (“CBOE”). As of last night’s close, Urbana’s CBOE investment was worth $44.85 million.
On Wednesday June 3rd, Judge John Noble of the Delaware Chancery Court upheld the settlement reached between the CBOE and the former members of the Chicago Board of Trade. Receipt of the Court’s affirmative decision was a significant hurdle in the CBOE’s endeavour to demutualize and transform itself into a for-profit, shareholder owned company. The details of the decision and the 30 day appeal period are available on the CBOE’s website.
Elizabeth Naumovski, Investor Relations at 416-595-9106 for further information.
Forward Looking Statements
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