CME Group Bridges Cash, OTC, Futures Marketplaces with Takeover of NEX

[kreslik.news]

Less than twenty-four hours after a takeover offer by CME Group (Nasdaq: CME) of NEX Group was announced, the two sides have reached an agreement. The landmark deal will see CME Group acquiring NEX in a transaction valued at £10.0 per share, per a group statement.

The acquisition is valued at £10.0 per share, consisting of 500 pence in cash and 0.0444 CME Group shares. Despite weeks of speculation, a deal has now been agreed upon, with the transaction now approved unanimously by the boards of directors from both CME Group and NEX.

Moving forward, the deal is expected to ... (read more)