As of Monday morning, there's no update yet on the bidding for Barclays'
The Wall Street Journal
reported Saturday that several bidders were still in the running
to buy the business as of Friday and that the auction could wrap up as early as Tuesday.
A team-up between private equity firms Bain Capital LLC
and Colony Capital LLC
up against a group that includes Apax Partners
and Hellman & Friedman
, and there's also a possible separate
bid from CVC Partners
, the Journal reported, citing people familiar with the matter. Goldman Sachs
likewise remained in the running for iShares, according to the report.
The sale of iShares would give U.K.-headquartered Barclays an added boost after U.K. regulators
last week certified that Barclays has enough capital.
Yesterday was the deadline for iShares bids, according to a
article posted Friday afternoon, citing an anonymous source.
"An announcement could come as soon as Monday," a banker told Reuters.
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