>>Bats Global Markets, which operates the third-largest U.S. equity market, approached Chi-X Europe Ltd. about a possible takeover, according to people familiar with the situation.
London-based Chi-X Europe, the trading platform started in 2007 to compete with London Stock Exchange Group Plc and Deutsche Boerse AG, said today it received an “enquiry” from an unidentified suitor which might lead to an offer for the whole firm or a partial sale. It’s being reviewed by the board, the firm said in an e-mailed statement.
The approach was from Bats, which also operates the Bats Europe stock trading system, said two people, who declined to be identified as the talks are private. The enquiry didn’t include details of the level of any potential offer or a valuation of Chi-X Europe, the people said.
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