{"id":10774,"date":"2009-06-09T00:00:00","date_gmt":"2009-06-09T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"blackrock-in-talks-for-largest-global-hedge-fund-transaction-on-record","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2009\/blackrock-in-talks-for-largest-global-hedge-fund-transaction-on-record.html","title":{"rendered":"BlackRock In Talks For Largest Global Hedge Fund Transaction On Record"},"content":{"rendered":"

West Palm Beach (HedgeCo.net) – BlackRock, Inc. confirmed that negotiations are ongoing with U.K.’s third-largest bank, Barclays Bank plc, about the potential purchase of Barclays Global Investors (BGI), including the iShares business. <\/p>\n

“The discussions are not yet concluded and there are a number of significant open issues which could affect the nature and terms of any transaction,” Barclays said in a statement. <\/p>\n

BlackRock’s BGI buyout will break its own record in a hedge fund transaction, when in 2006 BlackRock took over Merrill Lynch’s asset management business for $8.5 billion. The unconfirmed selling price is $12 billion to $13 billion. Other contenders for Barclays Global Investors include the Bank of New York Mellon and some Kuwaiti sovereign wealth funds, among others.<\/p>\n

\n

Alex<\/span> Akesson<\/span><\/p>\n

<\/p>\n

\n

Edtior for HedgeCo<\/span>.Net
Email: alex<\/span>@hedgeco<\/span>.net<\/u><\/p>\n

HedgeCo<\/span>.Net is a premier hedge fund<\/span> database and community for qualified and accredited investors only. Membership on www.hedgeco<\/span>.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!<\/p>\n<\/p><\/div>\n

<\/span><\/p>\n<\/div>\n


<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

West Palm Beach (HedgeCo.net) – BlackRock, Inc. confirmed that negotiations are ongoing with U.K.’s third-largest bank, Barclays Bank plc, about the potential purchase of Barclays Global Investors (BGI), including the iShares business. “The discussions are not yet concluded and there […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[1004,11105,5893,5146,5144,584,3072,581,9499,12781,11148,11708,4393,418,8598,588,11183,11098],"class_list":["post-10774","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news","tag-accredited-investors","tag-alex","tag-asset-management-business","tag-bank-of-new-york","tag-bank-of-new-york-mellon","tag-barclays","tag-barclays-bank-plc","tag-barclays-global-investors","tag-blackrock-inc","tag-contenders","tag-hedge-fund","tag-hedge-funds","tag-hedgeco","tag-merrill-lynch","tag-negotiations","tag-palm-beach","tag-rsquo","tag-west-palm-beach"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10774","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=10774"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10774\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}