News, analysis and personal reflections on the markets & the financial sector

Monday, July 7, 2008

CME ups Nymex bid with buyback, special dividend

CME Group has enhanced its bid for Nymex Holdings by announcing a share buyback and special dividend. The company plans to buy back $1.1 billion in stock over the next 18 months and pay a $5-a-share dividend whether or not its bid for the energy-and-metals exchange succeeds.

Read more at http://www.marketwatch.com/news/story/cme-sweetens-nymex-offer-buyback/story.aspx

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