iShares Deal Open To Other Offers Until June 18th “Go Shop Clause”
Barclays is poised to receive bids for the whole of its asset management arm, Barclays Global Investors, after writing a break clause into its deal to sell the division’s exchanged-traded funds business iShares last week for £3bn.
The bank has indicated it will listen to offers for BGI by including a “go-shop” clause in the sale of iShares to private equity firm CVC Capital Partners.
Under the deal, Barclays has until June 18 to “solicit or consider proposals for a superior transaction involving iShares and potentially other related businesses”. Barclays had previously suggested it would not sell the whole of BGI, valued in the accounts at around £8bn.
Full Story: http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/5146436/Barclays-open-to-BGI-bids.html
5 WINNING Stock Chart Patterns
Read Next
Free Investing Ideas Newsletter!
Join over 70,000 investors who get the latest insights and top rated picks from our free investment newsletter.
Most Popular
Gold: Bull Market Correction Or New Bear Market?
Are Covered Call ETFs Worth The Risks? (QYLD)
A Deep Look At The Vanguard Total Stock Market ETF (VTI)