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Rise of the CME Leviathan

Posted on August 29, 2008

Money Talks CME Group completed its acquisition of the New York Mercantile Exchange [NYMEX] this week. The acquisition marked the final act in a dramatic takeover drama that has both captivated and concerned the futures world. The final terms of the acquisition were announced on Thursday. NYMEX shareholders that opted to receive CME Group stock were paid $7.29 in cash and .2164 CME shares for every NYMEX share. (That amounted to $80.98 at the time of this writing.) Shareholders that opted for a cash payment received $81.16 for every NYMEX share. ...

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futures , new york mercantile exchange