Trading

Michael Spencer’s NEX confirms takeover interest from CME

The potential acquisition target said talks are

Michael Spencer’s NEX confirms takeover interest from CME

CME Group, the $56bn futures exchange operator based in Chicago, is weighing up a takeover offer for NEX Group, the trading and fintech business founded by City grandee Michael Spencer.

CME said in a statement on Friday afternoon that it is working with NEX to allow the exchange to "complete due diligence and determine whether a firm offer can be made".

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump