Barclays Has Held Talks With BlackRock Over iShares, BGI
June 08 2009 - 2:41AM
Dow Jones News
U.K. Bank Barclays PLC (BCS) said Monday it has held talks with
a number of parties, including BlackRock (BLK), about both iShares
and Barclays Global Investors, or BGI.
MAIN FACTS:
-Barclays has received other proposals for iShares and the
broader BGI business.
-Barclays has had discussions with a number of parties,
including with BlackRock, about both iShares and BGI.
-The discussions are not yet concluded and there are a number of
significant open issues which could affect the nature and terms of
any transaction.
-There is no certainty that these discussions will result in
Barclays concluding a different transaction than that announced on
April 9 with CVC regarding iShares.
-Barclays will update the market further upon the conclusion of
the"go-shop" process it agreed with CVC and in any event no later
than June 19.
-By London Bureau, Dow Jones Newswires; +44 (0)20 7842 9296; ian.walker@dowjones.com