New York Mercantile Exchange (Nymex) chief executive Bo
Collins last week confirmed his interest in a deal with
International Petroleum Exchange (IPE), but poured cold water
on rumours that an "aggressive" bid was in the works.
Collins told FO Week, "We haven't been shy about
the fact that we're open to the concept, but I can't envision
us doing a transaction that's heavy-handed."
Nymex had been heavily rumoured to be preparing the ground
for a purchase of IPE, which is currently owned by
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