BlackRock Likely To Announce Buy Of Barclays' BGI In Days-Report
June 05 2009 - 5:16PM
Dow Jones News
BlackRock Inc. (BLK) is likely to announce an agreement to buy
Barclays Global Investors from Barclays PLC (BCS), Pensions &
Investments reported Friday, citing sources. A source not directly
involved in the deal said the announcement is likely within the
next few days. Another source said that although CVC, which bid
$4.5 billion for BGI's iShares business, would have the option to
counteroffer, its chances of topping the BlackRock offer, said to
be in excess of $10 billion, would be slim. BlackRock and BGI
declined to comment.
Full story at
http://www.pionline.com/apps/pbcs.dll/article?AID=/20090605/DAILYREG/906059979/-1/BreakingNews03
-Dow Jones Newswires; 201-938-5500