Getting your player ready...
The New York Mercantile Exchange and private-equity firm General Atlantic LLC said Thursday that Nymex seat- holders have warmed to a proposal to sell a 10 percent equity stake to General Atlantic for $135 million, following a meeting with Nymex members Thursday.
“If seat-holders were to vote on the deal today, I think they would overwhelmingly pass it,” said Nymex president James Newsome after the rare meeting, where officials presented terms of the proposal.
Last week, Nymex signed a letter of intent to sell the 10 percent minority stake to General Atlantic, which seeks to help prime the nation’s largest futures and metals exchange for a public offering of stock sometime in 2006.
