NYSE Euronext (NYX) and Nymex Holdings Inc. (NMX) in Possible Merger Negotiations
The New York Mercantile Exchange, the world's largest energy market, is quietly fielding offers for its lower Manhattan headquarters ahead of a deal to sell itself to a rival exchange, multiple sources familiar with the situation said. Though not in a hurry to sell its 15-floor tower at the World Financial Center, Nymex had retained Newmark Knight Frank to evaluate potential offers, but might be close to engaging another firm such as Cushman & Wakefield. Talk of a sale of Nymex's headquarters comes as the energy exchange is involved in serious merger negotiations with the neighboring New York Stock Exchange, sources said. Those talks, which could still break down, could result in a takeover of Nymex in the next two months, according to multiple sources. Merrill Lynch and JPMorgan are advising Nymex and sources said law firm Wachtell, Lipton, Rosen & Katz is working on the deal for the Big Board.
Labels: Cushman and Wakefield, NMX, Nymex Holdings Inc., NYSE Euronext Inc., NYX
posted by Stock Administrator @ 12:21 PM
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