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Spencer’s NEX Group Rises Most in 20 Years on CME Approach

  • London-based markets firm could also attract other suitors
  • NEX market value surges to $4.8 billion after confirming talks
Updated on

Michael Spencer’s NEX Group Plc rose the most in almost two decades after CME Group Inc., a futures trading giant, approached the company about taking it over.

NEX, which runs markets for trading currencies and Treasuries, and CME said they’re in the early stages of negotiations, confirming a Bloomberg report on the talks. No agreement may be reached, they said.