A petition letter signed by a breakaway group of New York Mercantile Exchange (Nymex) shareholders, critical over a fall in the offer price, has threatened to scupper the proposed takeover deal by CME Group. But observers remain confident the acquisition will be completed.
A special meeting has been called for the owners of Class A Memberships of Nymex by the exchange’s corporate secretary. The meeting will be held on June 3 at 3:00, New York time.
The shareholders are aggrieved that CME Group’s original deal, which was valued at $11.2bn on January 28...