Decision day arrives for CME’s Nymex acquisition
17 Jul 2008
Shareholders of CME Group and Nymex Holdings are to vote today (Friday) on the proposed acquisition of Nymex by CME. A decision should be announced just after FO Week goes to press.
Analysts said an agreement on the sale was finely balanced. “It’ could go either way,” said one. “Although one group says that they have enough opponents to block it, the fact that they’re calling the shareholder meeting means that they reckon it will get the go-ahead.”
Nymex shareholder Gary Glass, and long-time member of the exchange, told FO Week that the deal would have to be improved if it were going to pass. “It needs to be sweetened,” Glass said....
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