Goldman works on iShares bid

Goldman Sachs is working on a bid for iShares, the securities lending and exchange-traded funds business being auctioned by Barclays. Bids, due by Friday, could put a value ofup to $6.5bn on iShares. Goldman and at least three other parties have expressed interest in iShares including buy-out group Bain Capital and a consortium led by Hellman & Friedman. Fund manager Vanguard is also thought to be interested.

http://ftalphaville.ft.com/blog/2009/03/24/53924/goldman-works-on-ishares-bid/

 

1) Soon to be renamed Bane Capital.
2) Best bid?......2% of assets under management. We'll see.

 

Good luck all on goldmans