New York Mercantile Exchange (Nymex) president Bo Collins is
to leave the exchange amid growing attention on merger and
acquisition possibilities involving Nymex.
Nymex has apparently rejected an initial bid from venture
capital firm Parthenon Capital, and also had its own bid for
rival IntercontinentalExchange (ICE) rejected, according to
A spokesperson for the exchange said the list of candidates
for the president's job is growing but no formal timetable has
been set to replace Collins, whose contract expires at the end
of this month, and will not be renewed "by mutual
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