The completion of the GA transaction follows the overwhelming approval of the deal by NYMEX's shareholders. All NYMEX shareholders of record on March 13, 2006, will receive an extraordinary cash distribution of approximately $196,000 per share on a pre–transaction basis.
"This is a great day for NYMEX and all of our constituents, as General Atlantic will help us solidify our leadership position and grow over the long–term," said Mitchell Steinhause, Chairman of NYMEX. "The Board looks forward to working with General Atlantic to help NYMEX capitalize on the numerous opportunities worldwide."
"NYMEX is a highly successful organization with a dedicated membership, and all of us at General Atlantic are excited to get right to work on helping the Exchange build on its success and continue to grow in the future," said Bill Ford, President of General Atlantic, who also is now a member of the NYMEX Board of Directors. "We look forward to working with our new partners at NYMEX to prepare for a possible IPO and to build a lasting franchise that will remain the preeminent marketplace in the world for energy commodity futures trading."
