| You don't have to demutualize when you have a strong capital base. |
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| Directors of the CBOE had approved plans to demutualize and complete an initial public offering of CBOE Holdings, Inc, the holding company. |
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| However, the move to demutualize has left a major gap in the training of agents, French noted. |
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| There has been a recent trend for stock exchanges to demutualize, where the members sell their shares in an initial public offering. |
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| In 1994 Midland decided to demutualize and become a stock company. |
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| On May 12, 1998, John Hancock Mutual Life Insurance Company made an announcement about its plan to demutualize and issue stock through an initial public offering. |
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| And even though the potential of an improved equity market and economy could tempt some to demutualize, most mutual holding companies are comfortable where they are. |
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| The Exchange expects to demutualize entirely later this year, and is currently implementing PCX Plus, a new electronic trading platform with an enhanced market structure. |
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