NYX Nyse Euronext

Binding offers to buy the London Metal Exchange have been received and are being evaluated by the exchange's board, the LME said Tuesday.

Bids have already been examined by the exchange's adviser, global investment bank Moelis & Co.

"The board of the LME has received a number of detailed proposals from shortlisted parties in line with the process being conducted on its behalf by Moelis," the LME said. "The board will now consider the proposals and provide shareholders with further information as appropriate."

LME Chairman Brian Bender sent a memo to shareholders to the same effect earlier Tuesday.

Bound by confidentiality agreements, the LME didn't say which companies made bids for the 135-year-old exchange, which is central to the trade of industrial metals like copper and aluminum. People familiar with the matter said offers were forthcoming from rival exchanges CME Group Inc. (CME); IntercontinentalExchange Inc. (ICE); Hong Kong Exchanges and Clearing Ltd. (0388.HK); and NYSE Liffe, the London-based derivatives arm of NYSE Euronext (NYX).

-By Andrea Hotter, Dow Jones Newswires; +44 (0)20 7842 9413; andrea.hotter@dowjones.com

Grafico Azioni NYSE Group (NYSE:NYX)
Storico
Da Giu 2024 a Lug 2024

Grafico Azioni NYSE Group (NYSE:NYX)
Storico
Da Lug 2023 a Lug 2024