Waiting period ends in CME's proposed acquisition of Nymex

By Lisa Kerner

Charlotte, N.C., June 17 - The Federal Trade Commission announced it granted early termination of the Hart-Scott-Rodino waiting period in the proposed merger of CME Group Inc. and Nymex Holdings, Inc.

On March 17, CME agreed to acquire Nymex for $3.4 billion in cash and 12.5 million shares of CME class A common stock.

It was previously reported that under terms being discussed, Nymex shareholders would receive $36 in cash and 0.1323 of a share of CME in exchange for each Nymex share. Also, Nymex would repurchase the 816 New York Mercantile Exchange, Inc. memberships upon closing of the potential acquisition for up to $500 million, or about $612,000 per membership.

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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