New York Mercantile Exchange (Nymex) chief executive Bo Collins last week confirmed his interest in a deal with International Petroleum Exchange (IPE), but poured cold water on rumours that an "aggressive" bid was in the works.
Collins told FO Week, "We haven't been shy about the fact that we're open to the concept, but I can't envision us doing a transaction that's heavy-handed."
Nymex had been heavily rumoured to be preparing the ground for a purchase of IPE, which...