NYMEX Reaffirms Selection Of General Atlantic

The board of directors of NYMEX Holdings, Inc., met this morning to discuss a revised offer from Battery Ventures. The board reiterated its commitment to continue moving ahead with its previously–announced transaction with General Atlantic, which was selected last week. NYMEX Chairman Mitchell Steinhause said, "After a thorough evaluation process, the board selected General Atlantic as the best partner to help NYMEX continue its evolution. We stand by that decision today and reiterate our commitment to working with General Atlantic."