Dear Bats Global Markets, Inc. Stockholder:Merger Agreement • November 18th, 2016 • CBOE Holdings, Inc. • Security & commodity brokers, dealers, exchanges & services
Thank you for your support as we work toward completing the acquisition by CBOE Holdings, Inc. (“CBOE Holdings”) of Bats Global Markets, Inc. (“Bats”). On September 25, 2016, CBOE Holdings, two wholly owned subsidiaries of CBOE Holdings and Bats entered into an Agreement and Plan of Merger (the “Merger Agreement”) pursuant to which, upon the terms and subject to the conditions set forth in the Merger Agreement, among other things, a wholly owned subsidiary of CBOE Holdings will merge with and into Bats, with Bats as the Surviving Corporation (the “merger”), and immediately following the merger, CBOE Holdings will cause the Surviving Corporation to merge with and into CBOE V, LLC, a direct wholly-owned subsidiary of CBOE Holdings (the subsequent merger”). The adoption of the Merger Agreement will be considered at a special meeting of Bats stockholders to be held on [ ], 201[·]. The merger is subject to such adoption, the receipt of approval by CBOE Holdings stockholders of the issuance
