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NYMEX Approves IPO

10/12/06 - 04:59 PM EDT

TSC Staff

Everything is all set now for the New York Mercantile Exchange to go public.

The 132-year-old commodities exchange said Thursday shareholders approved plans for its upcoming $250 million initial public offering. The NYMEX says more than 91% of the shares voted by exchange members were in favor of an IPO.





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