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Filed by Board of Trade of the City of Chicago, Inc. (CBOT)
Subject Company -- Board of Trade of the City of Chicago, Inc.
Pursuant to Rule 425 under the Securities Act of 1933
File No. 132-01854
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The following letter was distributed to CBOT members and membership interest
holders on November 7, 2000 and is currently available on the CBOT's intranet
site, MemberNet. The presentation referenced in such letter was filed on
November 3, 2000.
November 6, 2000
Dear Fellow Member,
A membership meeting was held on November 2 to discuss the current status of our
legal actions regarding the preservation of the CBOE exercise right. I would
like to thank all of you who were able to attend last Thursday's floor meeting,
either in person or via MemberNet.
Attached to this cover letter are the November 2 presentation slides utilized by
attorneys John Stassen and Garrett Johnson of Kirkland and Ellis. We are
convinced that the CBOE exercise right is protected by the CBOE's terms of
incorporation.
These slides summarize the rationale behind our position on the CBOE exercise
right. It is my hope that this matter can be resolved with the CBOE as quickly
and efficiently as possible so that we may continue the process of restructuring
our organization.
Sincerely,
/s/David P. Brennan
DAVID P. BRENNAN
The CBOT urges its members and membership interest holders to read the
Registration Statement on Form S-4, including the proxy statement/prospectus
contained within the Registration Statement, regarding the CBOT restructuring
referred to herein or in connection herewith, when it becomes available, as well
as the other documents that the CBOT has filed or will file with the Securities
and Exchange Commission, because they contain or will contain important
information. CBOT members and membership interest holders may obtain a free
copy of the proxy statement/prospectus, when it becomes available, and other
documents filed by the CBOT at the Commission's web site at www.sec.gov, or from
the CBOT by directing such request in writing or by telephone to: Board of Trade
of the City of Chicago, Inc., 141 W. Jackson Blvd., Chicago, Illinois 60604-
2994, Attention: Office of the Secretary, Telephone: (312) 435-3605, Facsimile:
(312) 347-3827. This communication shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of securities in
any state in which offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state. No
offering of securities shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as amended.
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