July 19th, 2008
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| Senior Member | | Join Date: Sep 2007
Posts: 23,606
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 CME makes final offer
July 19th, 2008 05:00 AM -
CME Group Inc., the world's biggest futures exchange, improved its offer to acquire Nymex Holdings Inc. Friday, boosting what it would pay Nymex members and cutting the severance it would pay Nymex's chairman and chief executive. The new "full and final offer" would give Nymex members $750,000 per membership, up from $612,000. Changes in severance benefits paid to Nymex's chairman and CEO as well as other members of the executive management team are expected to reduce merger expenses by $30 million, the parties said.
BY FRANCINE KNOWLES fknowles@suntimes.com
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