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CME bid for Nymex sparks shareholder unrest

One of the largest attempted US exchange mergers may derail if its terms are not improved, according to shareholders who have attacked the bid after a dip in the buyer's share price drove down the cash and stock offer by $2bn (€1.3bn).

Two New York Mercantile Exchange shareholders have hit out at the proposed takeover of the US energy and metals market by the Chicago Mercantile Exchange, the world’s biggest futures market.

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