CME Group Makes $5.4 Billion Takeover Offer to NEX Group

[kreslik.news]

Shares of NEX Group skyrocketed today as the UK-based Fintech company confirmed it has received a non-binding indicative proposal from the operator of the Chicago Mercantile Exchange.

NEX Group said CME Group is seeking to acquire all shares at an indicative cash price of £10 per share, which would value NEX at ‎£‎3.80 billion. Shares in NEX closed up 9.8 percent at 976.43p on Wednesday, giving it a market value of nearly of £3.71 billion.

The company said in a statement: “Discussions are at an advanced stage; there can be no certainty that an offer for NEX will be made, nor as to ... (read more)