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NOT A SUBSCRIBER?Barclays confirms approaches for BGIPosted on May 15, 2009 6:30 PM
Barclays plc confirmed Friday that it is considering the sale of Barclays Global Investors, the global asset management behemoth and the parent company of iShares Ltd., the exchange-traded fund business that's been on the block. The news dashed prospects that CVC Capital Partners Group would close its $4.4 billion agreed purchase of iShares.
The London bank said it had received "unsolicited interest in the broader BGI" during a "go-shop" exercise for iShares that ends June 18. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline.
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