CME makes final improved offer for Nymex
CME Group has improved its takeover offer for New York Mercantile Exchange (Nymex) by $113 million.
The revised “full and final offer” increases the amount payable by CME to Nymex Class A members from $612,000 to $750,000 per membership, but does not revise the cash / equity combination of the offering. The deal has lost $3.5 billion in value since January 2008 due to a decline in CME shares, taking it to $7.6 billion.
CME has also committed to preserving the Nymex open outcry trading floor until 31 December 2012. “Thereafter, Nymex will maintain a trading floor in New York City as long as
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