CME To Buy Nymex For $9.4 Billion

Providing a bright spot in what is already shaping up to be another grim week, the Chicago Mercantile Exchange agreed to buy the world’s top oil market for nearly 40 times what JPMorgan is paying for Bear Stearns (just in case you were wondering). But will nettlesome regulators, not to mention disgruntled Nymex shareholders, stand in the way of this transaction?