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CME gives Justice Dept more time for NYMEX review

Thu Jun 5, 2008 6:16pm EDT

NEW YORK, June 5 (Reuters) - CME Group Inc CME.N said Thursday it has resubmitted its pre-merger filing for its proposed acquisition of NYMEX Holdings Inc NMX.N to give the Department of Justice more time to review the transaction.

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The new waiting period will expire at the end of June 18.

The exchange said it believes it has made progress with the merger review process.

But some shareholders of NYMEX, a major energy derivatives exchange, are threatening to block the $9 billion deal reached in March, accusing the exchange's management of underselling the exchange.

Holder of trading seats on the NYMEX are also upset about the price CME is offering for their seats. A NYMEX meeting with members is set for June 19 to address their concerns. (Reporting by Phil Wahba; Editing by Tim Dobbyn)

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