London based electronic trading firm and exchange operator NEX Group PLC (LON: NXG) has issued a Trading Update for its first fiscal quarter of 2019, the three month period ended June 30, 2018 (NEX has a March 31 fiscal year end). Ahead of the company's £3.9 billion acquisition by US rival CME Group, expected to…
Read moreThe boards of NEX Group plc (LON:NXG), CME London Limited and CME Group Inc. CME (NASDAQ:CME) have announced that they had reached an agreement on the terms of a recommended share and cash acquisition of the entire issued and to be issued share capital of NEX. The Acquisition is to be effected by means of a…
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After confirming that preliminary talks were indeed going on behind the scenes about two weeks ago, cross-ocean rival electronic market operators CME Group Inc (NASDAQ:CME) and London listed NEX Group PLC (LON:NXG) have announced that CME will be buying NEX in a £3.9 billion (USD $5.4 billion) cash and shares deal. The proposed transaction has been…
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