March 16, 2007	Friday	Safar 26, 1428

NEW YORK, March 15: The Intercontinentalexchange (ICE) launched on Thursday a takeover offer worth nearly $10 billion for the Chicago Board of Trade (CBOT), hoping to upset an agreed bid for CBOT by another Chicago market. The Atlanta, Georgia-based ICE, which controls the New York Board of Trade (NYBOT) along with futures markets in London and Dublin, said its offer for CBOT would “create the world’s most comprehensive derivatives exchange.”—AFP