McGraw-Hill, CME Discuss Stock Indexes Venture
NEW YORK (TheStreet) -- Stock market icons such as the Dow Jones Industrial Average and S&P 500 could be combined in a joint venture, a report said.
Talks to form a joint venture between McGraw-Hill's S&P Indices business and CME's Dow Jones Indexes unit began more than a year ago and could still fall apart, the people said. If a deal goes through, the combined indexes business venture would be managed by McGraw-Hill, and McGraw-Hill would own most of the joint venture.
Under the terms of the deal being discussed, CME would get a minority stake of about 25%, while Dow Jones & Co. could have a minimal stake, people familiar with the matter told the newspaper.McGraw-Hill announced earlier in September it would split its financial-services and education units into two public companies. If the stock-indexes deal goes through, the joint venture would become part of the new McGraw-Hill Markets, people familiar with the matter said, the Journal reported. -- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: email@example.com.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV