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