Goldman Sachs (GS), Among Others, Eyeing Barclays (BCS) iShares Unit
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According to a Reuters report, Barclays (NYSE: BCS) is currently in talks with numerous firms, including Goldman Sachs (NYSE: GS), related to the sale of the British bank's iShares branch. Among the other possible bidders: Hellman & Friedman, Bain Capital, TPG and even Vanguard.
One source suggested that Hellman & Friedman could offer as much as $5 billion for the unit, while both Goldman and Bain were considering separate offers. The source said that bids for the branch are not due until at least Thursday, however.
Analysts have valued the iShares unit at around $4.37 billion, or 3 billion pounds.
Despite the news, shares of Barclays have pulled back in pre-market trading following a 30% surge yesterday. The stock most recently traded at $6.82, down 6.6% from yesterday's close.
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