CHICAGO and LONDON, Oct. 12,
2018 /PRNewswire/ -- CME Group (Nasdaq: CME), the
world's leading and most diverse derivatives marketplace, today
announced that it has received clearance under the
Hart-Scott-Rodino Act from the United States Department of Justice
– Antitrust Division for its proposed acquisition of NEX Group plc
(NXG.L).
CME and NEX have also received the relevant regulatory approvals
from the FCA and regulators in the United
States, Germany,
Italy and Sweden, and have made the requisite
pre-notifications in Hong Kong.
Completion of the transaction remains subject to satisfaction or
waiver of the remaining closing conditions, including competition
clearance from the UK Competition and Markets Authority and the
sanctioning of the transaction by the U.K. Court. The parties still
expect the closing to occur by year end 2018.
About CME Group
As the world's leading and most
diverse derivatives marketplace, CME Group (www.cmegroup.com) is
where the world comes to manage risk. CME Group exchanges
offer the widest range of global benchmark products across all
major asset classes, including futures and options based
on interest rates, equity indexes, foreign
exchange, energy, agricultural
products and metals. Around the world, CME Group
brings buyers and sellers together through its CME Globex®
electronic trading platform. CME Group also operates one of
the world's leading central counterparty clearing providers
through CME Clearing, which offers clearing and settlement
services across asset classes for exchange-traded and
over-the-counter derivatives. CME Group products and services
ensure that businesses around the world can effectively manage risk
and achieve growth.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex and E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT, Chicago Board of
Trade, KCBT and Kansas City Board
of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. Dow Jones, Dow Jones Industrial Average,
S&P 500 and S&P are service and/or trademarks of Dow Jones
Trademark Holdings LLC, Standard & Poor's Financial Services
LLC and S&P/Dow Jones Indices LLC, as the case may be, and have
been licensed for use by Chicago Mercantile Exchange Inc. All
other trademarks are the property of their respective
owners.
About NEX
NEX offers customers better ways to
execute trades and manage risk. Our products and services underpin
the entire trade lifecycle pre-, during and post-execution. Our
electronic trading platforms are industry standards. Customers use
our lifecycle management and information services to optimise
portfolios, control risk and reduce costs. We partner with emerging
technology companies to bring greater efficiency, transparency and
scale to the world's capital markets. NEX is headquartered in
London with offices worldwide.
NEX. Empowering markets. For more information, go
to www.nex.com.
Forward looking statements
This Press Release contains certain forward-looking
statements with respect to CME Group, NEX and the combined
company. These forward-looking statements can be identified
by the fact that they do not relate only to historical or current
facts. Forward-looking statements often use words such as
"anticipate", "target", "expect", "estimate", "intend", "plan",
"goal", "believe", "aim", "will", "may", "would", "could" or
"should" or other words of similar meaning or the negative
thereof. Forward-looking statements include statements
relating to the expected closing of CME Group's proposed
acquisition of NEX.
These forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual
timing of the closing to be materially different from the timing
expressed or implied by such forward-looking statements.
These forward-looking statements are based largely on the
expectations of CME Group and NEX and are subject to a number of
risks and uncertainties, principally among them the ability to
obtain required regulatory and court approvals and satisfy the
other closing conditions on a timely basis, or at all.
All subsequent oral or written forward-looking statements
attributable to CME Group, NEX, the combined company or any persons
acting on their behalf are expressly qualified in their entirety by
the cautionary statement above. Neither CME Group nor NEX
undertakes any obligation to update publicly or revise
forward-looking statements, whether as a result of new information,
future events or otherwise, except to the extent legally
required.
The form 10-K of CME Group for the year ended December 31, 2017 contains additional information
regarding forward-looking statements with respect to CME
Group.
CME-G
View original
content:http://www.prnewswire.com/news-releases/cme-group-receives-doj-clearance-for-proposed-nex-acquisition-300730295.html
SOURCE CME Group