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Non-Tech : Stock, Commodity and Option Exchange Industry

AX 76.95

-3.0%

11:00 AM EDT

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To: Glenn Petersen who wrote (27)	3/17/2008 9:51:56 AM
From: Glenn Petersen	of 45

The CME Group finally seals the deal for NYMEX: CME Group to buy Nymex for $9.4 billion Tribune staff reporter 7:19 AM CDT, March 17, 2008 CME Group Inc., which runs the Chicago Mercantile Exchange and the Chicago Board of Trade, is buying the parent of the New York Mercantile Exchange for about $9.48 billion. The deal for Nymex Holdings includes $3.4 billion in cash and $6.08 billion in stock. CME, the world's largest financial exchange company, is paying 12.5 million shares, valued at $6.08 billion based on the stock's Friday closing price of $486.05. Nymex holders will receive 0.1323 Class A shares of CME Group and $36 in cash for each share outstanding. Priced at $100.30 per share, the deal announced Monday is valued at about $9.48 billion, based on roughly 94 million shares outstanding at Feb. 20. Shareholders of Nymex, which hosts trading of energy and metals contracts, will own about 18.6 percent of the combined company. CME hosts trading of "futures" contracts, which allow investors to bet on swings in prices for things like gold, oil or wheat. chicagotribune.com

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