The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A New Battle Heats Up Over iShares Not Rated 4.0 Email Routing List Email & Route  Print Print
Monday, May 11, 2009

A New Battle Heats Up Over iShares

News summary by MFWire's editors

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. BC Partners, Apax and Hellman & Friedman have submitted bids that were higher than CVC's $3 billion offer, according to the Independent.

The Times, 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."  

Edited by: Armie Margaret Lee

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use