Nymex shareholders met last week in New York to hear the board's proposal regarding the $135m equity investment by General Atlantic (GA) (see FO Week Vol 10 No 38).
Hundreds of shareholders turned up to hear the board's announcement, but rumours of a showdown between the exchange and members appeared to have been unfounded.
In recent weeks a number of shareholders have expressed dissatisfaction with the board's handling of the investment bids. In particular, some were said...