03/21/2007
NYMEX Holdings, Inc. (NYSE: NMX), the parent company of the New York Mercantile Exchange, Inc. (NYMEX), today announced the pricing of its secondary offering of 7,000,000 shares of its common stock at $136.50 per share.
The shares are being offered by NYMEX stockholders who elected to sell shares. NYMEX will not receive any of the proceeds from the offering. In addition, the underwriters have an option to purchase up to an additional 1,050,000 shares to cover possible over-allotments. The offering is expected to close on March 27, 2007, subject to customary closing conditions.
J.P. Morgan Securities Inc., Banc of America Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as joint book-running managers, and Bear Stearns & Co., Inc., Citigroup Global Markets, Inc., Deutsche Bank Securities Inc., Jefferies & Company, Inc., Lehman Brothers Inc., Morgan Stanley & Co. Incorporated, Fox-Pitt, Kelton Incorporated, Keefe, Bruyette & woods, Inc. and Sandler O'Neill & Partners, L.P. are serving as co-managers for the offering. Copies of the prospectus relating to the offering may be obtained from J.P. Morgan Securities Inc. at 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245, Attention: Chase Distribution & Support Service Northeast Statement Processing or by calling toll free (866) 430-0686.
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Forward Looking and Cautionary Statements
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to our future performance, operating results, strategy, and other future events. Such statements generally include words such as could, can, anticipate, believe, expect, seek, pursue, and similar words and terms, in connection with any discussion of future results. Forward-looking statements involve a number of assumptions, risks, and uncertainties, any of which may cause actual results to differ materially from the anticipated, estimated, or projected results referenced in forward-looking statements. In particular, the forward-looking statements of NYMEX Holdings, Inc., and its subsidiaries are subject to the following risks and uncertainties: the success and timing of new futures contracts and products; changes in political, economic, or industry conditions; the unfavorable resolution of material legal proceedings; the impact and timing of technological changes and the adequacy of intellectual property protection; the impact of legislative and regulatory actions, including without limitation, actions by the Commodity Futures Trading Commission; and terrorist activities and international hostilities, which may affect the general economy as well as oil and other commodity markets. We assume no obligation to update or supplement our forward-looking statements.
A registration statement relating to these securities became automatically effective and was filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sales of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state or other jurisdiction.