iShares sale uncertain as new bidders eye BGI

The sale iShares to private equity firm CVC Capital Partners was earlier this week thrown into uncertainty when parent company Barclays confirmed it is had received further offers for the ETF business. Now, Barclays has also confirmed that it has received "a number of expressions of interest, including unsolicited interest in the broader BGI business". The UK bank announced the sale of iShares to CVC on April 9 2009 for a total amount of around $4.4bn. However, the transaction agreement enables Barclays to solicit proposals for iShares from third parties for at least 45 business days fr...