Monday, March 17, 2008

CME to buy Nymex for $100-share, or $9.3 billion - MarketWatch

From CNN/Money:
"CME Group Inc. agreed to buy Nymex Holdings Inc. for about $9.5 billion in cash and stock Monday. The deal is worth just over $100 per Nymex share, and will combine the operators of the Chicago and New York futures exchanges.CME also operates the Chicago Board of Trade"
CME to buy Nymex for $100-share, or $9.3 billion - MarketWatch:
"Both companies' boards have approved the terms. The deal is subject to a number of other conditions, including regulatory clearances and approval by holders of both CME and Nymex.

Having taken the finance club to each in the past 5 months, this one will definitely merit a class discussion.

No comments: