Market Insider

BATS shares surge after report of potential acquisition

Exchange staff talk whilst examining financial data on computer screens on the trading floor of Bats Europe, the European arm of Bats Global Markets Inc., in London, March 14, 2016.
Jason Alden | Bloomberg | Getty Images

Shares of Bats Global Markets climbed nearly 20 percent on Friday after a late Thursday Bloomberg report, citing sources, said CBOE Holdings was in talks to buy Bats.

"We do not comment on market speculation or rumors," Bats spokeswoman Hannah Randall told CNBC.

CBOE spokeswoman Suzanne Cosgrove also said the firm does "not comment on rumors or market speculation."

An agreement between Bats and the options exchange operator could be announced in the next several weeks, the Bloomberg report said, noting that no final decision has been made and the talks may still fall apart. BATS shares briefly climbed 25 percent in premarket trade Friday.

Shares of CBOE Holdings swung on the news and gained 1 percent on Friday. They still hold gains of more than 8 percent for the year so far.