Rival investors seek to stop Chinese takeover of Chicago Stock Exchange
By PATRICK TEMPLE-WEST A group of U.S. investors hoping to buy the Chicago Stock Exchange is lobbying Congress to torpedo a rival, Chinese-backed acquisition proposal that is stalled at the Securities and Exchange Commission. Lobbyists representing “Exchange Capital LLC,” a special-purpose entity for a private-equity investor group, said they helped generate a Sept. 26 letter led by Rep. Robert Pittenger (R-N.C.) to the SEC raising “serious concerns” over the CHX acquisition. Exchange Capital is being represented by Adam Olsen of Sconset Strategies and Chas Thomas of Thorn Run Partners. Thomas is a former Pittenger staffer. Both lobbyists said they...
By PATRICK TEMPLE-WEST A group of U.S. investors hoping to buy the Chicago Stock Exchange is lobbying Congress to torpedo a rival, Chinese-backed acquisition proposal that is stalled at the Securities and Exchange Commission. Lobbyists representing “Exchange Capital LLC,”...
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