{"id":10757,"date":"2009-06-08T00:00:00","date_gmt":"2009-06-08T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"barclays-in-talks-with-blackrock-on-bgi-sale","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2009\/barclays-in-talks-with-blackrock-on-bgi-sale.html","title":{"rendered":"Barclays in talks with BlackRock on BGI sale"},"content":{"rendered":"<p>Financial Post &#8211; Barclays PLC, the U.K.&#8217;s third-largest bank, is in talks with BlackRock Inc. and other bidders to sell its asset management division for more than US$10-billion.<\/p>\n<p>BlackRock, the world&#8217;s biggest publicly traded asset manager, is the leading contender to buy Barclays Global Investors, people familiar with the situation said June 6. London-based Barclays has also held talks about selling BGI to Bank of New York Mellon Corp, the people added. The bank is seeking more than US$12-billion for the unit, and may keep a 20% stake in the merged company, one of the people said.<\/p>\n<p>Retaining a stake &quot;is an intelligent way to structure the deal,&quot; said Danny Clarke, a Liverpool-based analyst at Capital Group PLC, who has a &quot;hold&quot; rating on Barclays. &quot;It strikes a balance between short and long-term goals, boosting capital and retaining some earnings.&quot;<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.financialpost.com\/story.html%3Fid%3D1673963\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial Post &#8211; Barclays PLC, the U.K.&#8217;s third-largest bank, is in talks with BlackRock Inc. and other bidders to sell its asset management division for more than US$10-billion. BlackRock, the world&#8217;s biggest publicly traded asset manager, is the leading contender [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[12687,929,5146,5144,1771,584,6166,581,12690,4696,9499,810,12692,12688,12073,12693,12689,11091,1422,12691],"class_list":["post-10757","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-asset-management-division","tag-asset-manager","tag-bank-of-new-york","tag-bank-of-new-york-mellon","tag-bank-of-new-york-mellon-corp","tag-barclays","tag-barclays-plc","tag-barclays-global-investors","tag-bgi","tag-bidders","tag-blackrock-inc","tag-capital-group","tag-contender","tag-danny-clarke","tag-group-plc","tag-liverpool","tag-merged-company","tag-quot","tag-stake","tag-term-goals"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10757"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10757\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}