In the run-up to the August 18 vote by shareholders and members over the CME Group’s bid to buy Nymex Holdings, the deal ran into another new twist — taxes.
Nymex members have been told that the $750,000 offer for their memberships “would constitute ordinary income,” according to an amended filing with the US’ Securities and Exchange Commission. The difference, from a tax point of view, could push taxes on the income gain...