CME Acquires Nymex
"It's important to say that this wasn't done quickly. We have been building to this for a long time, with a partnership that started years ago," says Richard Schaeffer, chairman of Nymex.
Under the terms of the agreement that marries the nation's two largest futures exchanges, Nymex shareholders will receive .1323 shares of CME common stock and $36 in cash for each share of Nymex common stock, for a total of $3.4 billion in cash and $6 billion in stock. Nymex shareholders will hold approximately
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