Most NYMEX holders to take CME stock and cash
NEW YORK, Aug 27 (Reuters) - CME Group Inc (CME.O), the world's largest derivative exchange, said on Wednesday that 61 percent of the shareholders of the former NYMEX Holdings chose to receive a mixture of CME stock and cash as part of its roughly $8 billion merger that closed last week.
Thirty-nine percent elected to receive cash or did not submit a choice. CME said it would distribute $3.4 billion in cash.
CME won shareholder approval last week for its acquisition of the New York energy and metals market.
The NYMEX acquisition comes just over a year after Chicago-based CME bought the Chicago Board of Trade, then its largest competitor.
NYMEX shareholders who elected to be paid in cash and stock will receive $7.29 in cash and 0.2164 shares of CME Group Class A common for each share of NYMEX Holdings common stock.
Those who opted for cash or made no election of payment will get $81.16 per NYMEX share, CME said. (Reporting by Ilaina Jonas)










