Filed under: Deals, Engagements, Investments

NYMEX (NYSE: NMX) and CME Group (NYSE: CME) confirmed that they are engaged in preliminary discussions regarding CME’s potential acquisition of NMX.

NYMEX, the world’s leading energy and metals marketplace, is recently trading at $116, above its close of $107.16. NMX will report Q4 EPS on February 1. NMX February option implied volatility of 84 is above its 26-week average of 39 according to Track Data, suggesting larger risk.

M&A Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

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This entry was posted on Tuesday, March 25th, 2008 at 2:12 pm and is filed under Engagements and Deals News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.