(Bloomberg) -- The New York Mercantile Exchange, the
world's largest energy market, is trying to break up
Intercontinental Exchange Inc.'s planned purchase of the Winnipeg
Commodity Exchange.
WCE Holdings Inc., parent company of the Winnipeg exchange,
said yesterday that it had received an unsolicited C$50 million
($48 million) bid, topping Intercontinental's C$40 million offer.
The bidder is Nymex Holdings Inc., according to a person familiar
with the matter who asked not to be named because the information
has not been made public.
Read more at Bloomberg Energy News
world's largest energy market, is trying to break up
Intercontinental Exchange Inc.'s planned purchase of the Winnipeg
Commodity Exchange.
WCE Holdings Inc., parent company of the Winnipeg exchange,
said yesterday that it had received an unsolicited C$50 million
($48 million) bid, topping Intercontinental's C$40 million offer.
The bidder is Nymex Holdings Inc., according to a person familiar
with the matter who asked not to be named because the information
has not been made public.
Read more at Bloomberg Energy News
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