Three CBOE Directors Resign

CBOE Holdings, operator of the biggest U.S. options exchange, said three of its 22 directors have resigned, less than three weeks before an initial public offering that would value the exchange at $2.87 billion. All three of the directors are executives at Wall Street banks underwriting the $328 million IPO, including lead underwriter Goldman Sachs (GS). Their resignations were effective on May 26, CBOE said in a U.S. SEC filing on Thursday. – Reuters