MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, June 1, 2009 Is Vanguard a Buyer? A new player may have tossed its name into the iShares auction. The Daily Telegraph reports that mutually-owned fund giant Vanguard just bid $5 billion for the Barclays ETF unit, with the advisement of William Blair & Company. The WSJ also previously named Vanguard as a possible iShares bidder. The bid appears to top the $4.4. billion bid previously submitted by CVC Capital's new Blue Sparkle limited partnership (see MFWire, 4/9/2009). Other reported bidders so far include Apax, Bain Capital, BC Partners, BlackRock and Hellman & Friedman (see MFWire, 5/11/2009, 5/15/2009 and 5/18/2009). Such a deal would make Vanguard the largest ETF manager and place it ahead of ETF giant State Street Global Advisors. Printed from: MFWire.com/story.asp?s=21669 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |