Brazil's BM&FBovespa, Cetip in preliminary tie-up talks
SAO PAULO Nov 3 (Reuters) - BM&FBovespa SA, Latin America's largest bourse operator, is in preliminary talks with rival Cetip SA Mercados Organizados for a potential combination.
In a securities filing on Tuesday, BM&FBovespa said the talks would not necessarily result in a deal.
The two companies are working on a proposal that could be presented to their respective boards and then put to shareholders for approval, the filing said. (Reporting by Guillermo Parra-Bernal; editing by Jason Neely)
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