"Private-equity giant Hellman & Friedman has formed a consortium to gobble up Barclays' iShares business for about $5 billion, according to a media report"
A report showed that after Barclay's recent announcement to sell its ishares business, private equity group Hellman & Friedman, Carlyle, and two other P.E. shops have offered 5 billion for the business. The company is selling the unit to raise cash and possibly avoid the British bailout program, and has offered to finance 80% of the deal.
The following address provides an article of how the exchange traded fund landscape may change as a result.
http://www.marketwatch.com/news/story/Sale-iShares-business-suggests-bigger/story.aspx?guid={57DD45F5-2C78-4917-95DE-278523C13788}&dist=hplatest
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1 comment:
Ishares is excellent.
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