US asset manager Vanguard has made a $5bn bid for iShares, according to the Daily Telegraph . ...
US asset manager Vanguard has made a $5bn bid for iShares, according to the Daily Telegraph. CVC Capital Partners, which agreed a $4.4bn deal with iShares parent Barclays in April, has the right to match any subsequent offers made under the 45-day 'go shop' provision contained in the deal. If Barclays does not sell iShares to CVC, it must pay trhe firm a $175m break fee.
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
