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

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

Rating:BlackRock Nears Deal for BGI, FT Reports Not Rated 3.0 Email Routing List Email & Route  Print Print
Friday, June 05, 2009

BlackRock Nears Deal for BGI, FT Reports

News summary by MFWire's editors

Barclays Global Investors may sell at any moment. The Financial Times' Paul Murphy and Neil Hume report that Barclays is about to sell BGI (including iShares) to BlackRock for between $11 billion and $13 billion.

Such a deal would trump the $4.4 billion offer CVC Capital Partners's Blue Sparkle unveiled in in April for iShares alone (see MFWire, 4/9/2009). Yet, FT reports that Barclays would have to pay the private equity firm $175 million if the bank pulls out of the deal.

The move by BlackRock chief Larry Fink comes as no surprise. Last month both the FT and the Wall Street Journal linked the fixed income giant to the BGI sale (see MFWire, 5/15/2009 and 5/18/2009). 

Edited by: Neil Anderson, Managing Editor

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

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q3Q2Q1
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. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use