Urbana Corporation
TSX : URB
TSX : URB.A

Urbana Corporation

June 04, 2009 12:22 ET

Urbana Corporation Pleased With the Delaware Court's Decision Regarding the Chicago Board Options Exchange

TORONTO, ONTARIO--(Marketwire - June 4, 2009) -

NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Urbana Corporation ("Urbana") (TSX:URB)(TSX:URB.A) buys seats and shares in private and public securities exchanges in North America and around the world. Urbana's largest private exchange investment is the 22 seats it owns on the Chicago Board Options Exchange ("CBOE"). As of last night's close, Urbana's CBOE investment was worth $44.85 million.

On Wednesday June 3rd, Judge John Noble of the Delaware Chancery Court upheld the settlement reached between the CBOE and the former members of the Chicago Board of Trade. Receipt of the Court's affirmative decision was a significant hurdle in the CBOE's endeavour to demutualize and transform itself into a for-profit, shareholder owned company. The details of the decision and the 30 day appeal period are available on the CBOE's website. https://www.cboe.org/Legal/Default.aspx.

Forward Looking Statements

Certain statements in this press release constitute "forward-looking" statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Urbana to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Unless required by applicable securities law, Urbana does not assume any obligation to update these forward-looking statements.

Contact Information

  • Urbana Corporation
    Elizabeth Naumovski
    Investor Relations
    416-595-9106