Securities Law Prof Blog

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

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Friday, February 22, 2008

DOJ Raises Concerns About CME-Nymex Consolidation

The Chicago Mercantile Exchange, the largest U.S. exchange operator, is moving forward with plans to acquire Nymex Holdings, an energy exchange operator, even though the DOJ recently expressed concerns about the exchange business.  The acquisition would cost about $10 billion, in both cash and CME shares.  Last year CME acquired the Chicago Board of Trade.  WSJ, CME to Press On With Nymex Bid.

http://lawprofessors.typepad.com/securities/2008/02/doj-raises-conc.html

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