This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

CME Group, Nymex Talk Merger

CME Group (CME - Get Report) and Nymex Holdings (NMX) on Monday confirmed they are in preliminary discussions about a possible merger.

Chicago-based CME Group, which operates the Chicago Mercantile Exchange, is offering Nymex shareholders $36 in cash and 0.1323 shares of its common stock, in exchange for each Nymex share. Based on Friday's closing prices, the potential deal values Nymex at $119.22 a share, a premium of 11.3%. The two exchanges said in a joint statement they are entering a 30-day exclusive negotiating period.

CME Group said it expects to maintain trading floors in New York. Nymex said it would repurchase 816 New York Mercantile Exchange memberships upon closing for up to $500 million.

The potential deal comes less than two weeks after NYSE Euronext (NYX), which operates the New York Stock Exchange, said it was acquiring its smaller rival, the American Stock Exchange, for $260 million in stock.

Nymex shares were rising 8.2% to $116.02 in early trading. CME Group's stock was up 2.5% to $644.86.
This article was written by a staff member of

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
NYX $0.00 0.00%
CME $91.15 2.05%
AAPL $93.99 0.31%
FB $102.01 0.10%
GOOG $682.40 -0.10%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs