The company said in a news release that negotiations are ongoing and there is no certainty that any transaction will be agreed upon or, if agreed upon, completed.
In April, Barclays announced a deal to sell its iShares business to CVC Capital for $4.4 billion, but it reserved the right to keep entertaining suitors until June 18 (see Vanguard Weighs in with $5B iShares Offer ).
In May, Barclays said it had received “unsolicited interest” in BGI, as well as iShares, since the CVC deal was announced. Bloomberg reported inquiries for a broader deal from BlackRock and Bank of New York Mellon (see Barclays Reported Considering Broader BGI Deal ).
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