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CME Buys Nymex for $9.4B - March 18

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Uploaded by on Mar 19, 2008

The world's largest futures market, CME Group Inc., is buying Nymex Holdings Inc., the biggest energy market, for $9.4 billion, reports Bloomberg News. Also, State Street Global Markets has acquired FinancialSockets. Meanwhile, after a marathon meeting, the board of Ali-talia accepted a formal takeover offer put forward by Air France-KLM, reports Agence France Presse. Finally, Semiconductor-equipment maker Axcelis Technologies has turned down an unsolicited bid from Sumitomo Heavy Industries for $613 million, saying the offer is too low.

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