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NEW YORK (CNN/Money) -
The board of the New York Mercantile Exchange is weighing whether to take investments from a group of private equity companies or pursue a sale of stock to the public, according to a published report.
The Wall Street Journal reported Monday that final bids from potential investors are due, and that the board could make a decision as soon as this week. It said that the bids are rising for the nation's leading energy and metals exchange at a time of surging commodity prices.
The paper reports that private equity companies Blackstone Group and Battery Ventures VI LLP raised a joint offer for a minority stake in Nymex during the weekend to value the total exchange at $1.3 billion, according to a person close to Nymex. That's up 30 percent from the total value for the exchange in the group's earlier offer, advanced in July, according to the report.
The paper also reports that competing private equity company General Atlantic LLC, made an offer for a Nymex minority stake this summer that valued the exchange at about $1.2 billion. People close to Nymex said General Atlantic may increase its bid in the next few days.
Nymex spokeswoman Anu Ahluwalia declined to comment to the Journal on the developments.
For a look at recent investments in another exchange, the Philadelphia Stock Exchange click here.
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