Money management giant BlackRock is close to announcing that it has won the bidding war for Barclays Global Investors, according to a report on the Web site of Pensions & Investments magazine……

……Sources also told P&I that CVC Capital Partners, which originally agreed to pay $4.5 billion for BGI’s iShares exchange-traded funds business, would get an opportunity to raise its original bid.

The CVC deal had a window for BGI to shop itself unti June 18. A P&I source thought it was unlikely that CVC would be willing to top BlackRock’s $10-billion plus offer for the combined BGI franchise.

Full Story: http://www.indexuniverse.com/component/content/article/10-news-in-focus/5958.html?Itemid=19

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