Barclays Accepts BlackRock Offer For BGI
June 16 2009 - 1:59PM
Dow Jones News
Barclays PLC (BARC.LN) said Tuesday it has accepted BlackRock's
offer to purchase the Barclays Global Investors business and has
resolved to recommend it to shareholders.
MAIN FACTS:
-General meeting to be called for purpose of approval in early
August.
-Blue Sparkle L.P., a CVC Capital Partners SICAV-FIS S.A.
vehicle formed in relation to the CVC funds' proposed purchase of
the iShares business, has agreed to terminate the transaction
without exercising its right to propose an alternative
proposal.
-Barclays will pay Blue Sparkle fees of $175 million.
-By London Bureau, Dow Jones Newswires; +44 (0)20 7842 9296; ian.walker@dowjones.com