(Updated with no comments from BlackRock and BGI.)
DOW JONES NEWSWIRES
BlackRock Inc. (BLK) is likely to announce an agreement to buy
Barclays Global Investors from Barclays PLC (BCS), Pensions &
Investments reported Friday, citing sources. A source not directly
involved in the deal said the announcement is likely within the
next few days. Another source said that, although CVC, which bid
$4.5 billion for BGI's iShares business, would have the option to
counteroffer, its chances of topping the BlackRock offer, said to
be in excess of $10 billion, would be slim.
BlackRock isn't commenting on "rumors and speculation," a
BlackRock spokeswoman reached by Dow Jones Newswires said. BGI has
no comment on the reports, a spokesman for BGI told Dow Jones
Newswires via email.
Full story at
http://www.pionline.com/apps/pbcs.dll/article?AID=/20090605/DAILYREG/906059979/-1/BreakingNews03
-Dow Jones Newswires; 201-938-5500