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Michael Spencer’s NEX confirms takeover interest from CME

The potential acquisition target said talks are

Michael Spencer’s NEX confirms takeover interest from CME

CME Group, the $56bn futures exchange operator based in Chicago, is weighing up a takeover offer for NEX Group, the trading and fintech business founded by City grandee Michael Spencer.

CME said in a statement on Friday afternoon that it is working with NEX to allow the exchange to "complete due diligence and determine whether a firm offer can be made".

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