Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Tuesday, January 29, 2008

CME, Nymex in Merger Talks

The Chicago Mercantile Exchange, the world's largest market for derivatives trading, and the New York Mercantile Exchange, a leader in energy and metals trading, are in talks about a $11 billion merger.  CME would acquire Nymex for a combination of cash and stock for an estimated price of $119 per share.  NYTimes, Commodities Markets in New York and Chicago Discuss Merger ; WSJ, CME-Nymex: Good Deal?

http://lawprofessors.typepad.com/securities/2008/01/cme-nymex-in-me.html

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