CME share fall hinders Nymex acquisition
03 Jul 2008
CME Group shares sunk to their lowest level in two years on Tuesday after the exchange reported that interest rate volumes plunged in June, pushing overall the average daily volume down 4%.
The fall in the value of its shares complicates the group’s already troubled bid for Nymex where part of the payment is tied to the CME Group share price.
On June 23 CME sweetened its offer for Nymex by announcing that it will buy back $1.1bn in stock over the next 18 months, plus...
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