Nymex in sale talks

Following months of speculation, the New York Mercantile Exchange (Nymex) confirmed last month it had been in "preliminary" talks with "certain parties" to be purchased, a move that will make seat-holders millionaires, observers say.

Nymex shares surged $5.86 to $125.72 in early trading the day after the announcement. The exchange noted that a potential "combination" with another party could result in cost savings of up to $250 million as well as "potential revenue synergies from better

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