More than 60% of Nymex shareholders elect to receive shares in merger with CME Group

By Lisa Kerner

Charlotte, N.C., Aug. 27 - The final results of the merger consideration elected by Nymex Holdings, Inc. shareholders were announced by CME Group Inc. on Wednesday.

Nymex shareholders could elect to receive cash or shares of CME class A common stock subject to proration to distribute mandatory cash consideration of approximately $3.4 billion.

According to a CME news release, the 61% of Nymex shareholders who elected to receive shares will receive $7.29 in cash and 0.2164 shares of CME.

The 39% of Nymex shareholders who elected to receive cash or failed to submit an election consideration will receive $81.16 per Nymex share.

Cash will be paid in lieu of any fractional shares, the release said.

The companies closed the merger on Friday.

Nymex Holdings is the parent company of the New York Mercantile Exchange, a physical commodities exchange.

CME Group is a Chicago-based financial exchange. It was formed by the 2007 merger of the Chicago Mercantile Exchange and the Chicago Board of Trade.

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