ISS and Egan-Jones also recommend CME Group shareholders vote 'FOR' the transaction
NEW YORK, Aug. 6 /PRNewswire-FirstCall/ -- NYMEX Holdings, Inc.
(NYSE: NMX), parent company of the New York Mercantile Exchange, Inc., today
announced that Institutional Shareholder Services Inc. (ISS) and Egan-Jones
Proxy have recommended that NYMEX shareholders vote 'FOR' the acquisition by
CME Group. In separate reports, ISS and Egan-Jones also recommended that
NYMEX and CME Group shareholders vote 'FOR' the transaction.
In recommending that NYMEX shareholders vote to approve the acquisition,
ISS stated that, 'Based on our review of the terms of the transaction and ...
in particular the strategic rationale of the transaction, we believe that the
merger agreement warrants shareholder support.'
Egan-Jones' review centered on the strategic and financial aspects of the
proposed transaction in the context of maximizing shareholder value.
*Permission to use quotations from the ISS report was neither sought nor
obtained.
About NYMEX Holdings, Inc.
NYMEX Holdings, Inc. (NYSE: NMX) is the parent company of New York
Mercantile Exchange, Inc., the world's largest physical commodities exchange,
offering futures and options trading in energy, metals and other contracts and
clearing services for more than 400 off-exchange contracts. Through a hybrid
model of open outcry floor trading and electronic trading on the CME Globex(R)
electronic platform, as well as clearing off-exchange instruments through
NYMEX ClearPort(R) Clearing, NYMEX offers crude oil, petroleum products,
natural gas, coal, electricity, gold, silver, copper, aluminum, platinum group
metals, emissions, and soft commodities contracts for trading and clearing
virtually 24 hours each day. Further information about NYMEX Holdings, Inc.
and the New York Mercantile Exchange, Inc. is available on the NYMEX website
at http://www.nymex.com.
Forward Looking Statements
This press release may contain forward-looking information regarding CME
Group Inc. ('CME Group') and NYMEX Holdings, Inc. ('NYMEX Holdings') and the
combined company after the completion of the merger that are intended to be
covered by the safe harbor for 'forward-looking statements' provided by the
Private Securities Litigation Reform Act of 1995. These statements include,
but are not limited to, the benefits of the business combination transaction
involving CME Group and NYMEX Holdings, including future financial and
operating results, the new company's plans, objectives, expectations and
intentions and other statements that are not historical facts.
