Broadridge (BDG) Acquires CQG (CQ) to Expand Global Derivatives Trading Capabilities

Broadridge (BDG) announced on February 7, 2026, the acquisition of CQG (CQ) for $1.2 billion in stock, effective March 31, 2026. The deal expands Broadridge's global derivatives trading and risk management capabilities, enhancing its footprint in institutional markets. Financial terms include an aggregate cash consideration of $250 million and earn-outs tied to post-acquisition revenue and EBITDA milestones. The integration is expected to strengthen client offerings and broaden market reach, with no immediate impact on Broadridge's stock price.