The proceeds would go to Nymex’s 816 seatholders. The Nymex board will recommend the offer to its shareholders and members at a September 29 meeting.
“General Atlantic has a proven record of building value in the exchange sector,” said Nymex chairman Mitchell Steinhause. “We believe this transaction provides Nymex with the right balance of continued autonomy, open-outcry trading protection,
The week on Risk.net, July 7-13, 2018Receive this by email