BlackRock's offer to acquire Barclays Global Investors (BGI) has been accepted in a deal worth $13.5...
BlackRock's offer to acquire Barclays Global Investors (BGI) has been accepted in a deal worth $13.5bn (£8.2bn). The acceptance follows a go-shop arrangement whereby CVC Capital Partners - which agreed to buy BGI's ETF platform in April - was given five days to table a better bid. Barclays' Board will recommend the transaction to its shareholders for approval at a special meeting to be held in early August. Subject to approval by regulators and Barclays' shareholders, plus client consents and satisfaction of customary closing conditions, the transaction is expected to close in the fou...
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