The story of iShares'
sale is far from over. In the wake of a deal inked last month that would transfer ownership of iShares from Barclays
to CVC Partners
, iShares has
attracted new bids, according to media reports.
and Hellman & Friedman
have submitted bids that were higher than CVC's $3 billion offer, according to the Independent
, meanwhile, also named BC Partners and Apax as firms that "could be interested in the fund manager," and added Bain Capital
to the list.
Barclays last month agreed to sell iShares to CVC. Under the terms of the agreement, Barclays is entitled to a 45-day go-shop period in which it can solicit
other offers for iShares.
A Barclays spokesman told Reuters
on Sunday that there had been "tremendous" interest in iShares stemming from "both strategic and private equity" since Barclays
agreed to sell the business to CVC on April 9.
The spokesman said it was "way to early to speculate if there will be a better
offer and from whom."
Armie Margaret Lee
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