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Rating:Fundsters Await Word on iShares Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, March 30, 2009

Fundsters Await Word on iShares

by: Armie Margaret Lee

As of Monday morning, there's no update yet on the bidding for Barclays' iShares. 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 was 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 Reuters article posted Friday afternoon, citing an anonymous source.

"An announcement could come as soon as Monday," a banker told Reuters. 

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