Nymex shares rise on news of sale talks
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Shares of the New York Mercantile Exchange’s parent company rose moderately after a report that it was putting itself on the block and was in talks with possible suitors.
A Bloomberg News report citing anonymous sources said Nymex Holdings Inc. was in talks with NYSE Euronext, Deutsche Borse and Chicago Mercantile Exchange Holdings Inc. about a possible deal. The report suggested the company could fetch $155 a share, or $14.3 billion, 11% higher than Nymex Holdings’ closing price Thursday.
Nymex, which went public last year, rose $2.32 to $142.12.
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