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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 on December 7, 2000 and is
currently available on the CBOT's intranet sites, MemberNet and OnBoard.
December 7, 2000
Dear Fellow Member,
The Board of Trade is one of the great institutions in the world. It has been an
immense honor and privilege to serve as your Chairman for the past two years. I
want to personally thank all the members who have supported my efforts, and
particularly those who supported my candidacy in this election. To all, I thank
you for placing your trust in me during my term in office.
I congratulate Nick Neubauer on his election as Chairman. I appreciate the fair
and businesslike tenor of his campaign. In saying this, I know I speak not only
for myself but for all the members.
It is now important that all of us come together behind Nick for our common
good. As departing Chairman, I will make sure that his transition into the
office is as smooth as possible and that he is immediately brought up to date on
the full details of all our affairs. Primarily, this means that major
initiatives such as the CEO search and release of the S-4 will be put on hold
for Nick's review.
During the past two years we have experienced tremendous changes at the CBOT.
While change is often difficult and tumultuous, it was undeniably necessary to
position us for the future. Today the CBOT is positioned for continued
greatness. The value proposition is right in front of us; it is ours for the
taking. Working together, we will accomplish our business objectives and
simultaneously assure our future prosperity.
Once again, I extend my most sincere thanks to our membership.
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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