Summary
CME Group Inc. (CME) filed an 8-K on June 5, 2008, to announce an update regarding its proposed combination with NYMEX Holdings, Inc. The company has withdrawn and refiled its Hart-Scott-Rodino (HSR) Act merger notification. This action is intended to provide the Department of Justice (DOJ) with additional time to review the transaction, with the new HSR waiting period set to expire on June 18, 2008. CME Group expressed confidence in the merger review process, highlighting progress made and reiterating its commitment to cooperating with the DOJ. While the company stated it would not comment further on the review, it indicated that any requests for additional information from the DOJ would be announced. Investors are advised to monitor future filings for further updates, particularly concerning any requests for additional information or the potential consummation of the transaction.
Key Highlights
- 1CME Group Inc. refiled its HSR merger notification for the proposed combination with NYMEX Holdings, Inc.
- 2The new HSR waiting period is scheduled to expire on June 18, 2008, at 11:59 p.m.
- 3The refiling was made to provide the Department of Justice (DOJ) with additional time for review, aiming to expedite the process.
- 4CME Group expressed confidence in the merger review process and cooperation with the DOJ.
- 5The company stated it will announce if it receives a request for additional information from the DOJ.
- 6Forward-looking statements included discuss potential benefits, risks, and integration challenges of the merger.