CME bid sparks Nymex opposition

The announcement of a definitive agreement for a merger between CME Group - the parent company of the Chicago Mercantile Exchange (CME) - and the New York Mercantile Exchange (Nymex), has received a mixed reaction from Nymex shareholders.

The combination, announced in mid-March, would create the world's largest exchange in the cash and over-the-counter (OTC) markets, along with regulated energy, commodity and financial markets.

Under the terms of the definitive agreement, shareholders of Nymex

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