Financial Times FT.com

‘Go-shop’ clauses ease investors’ deal concerns

ByLina Saigol, M&A Editor

Published: May 13 2009 20:10 | Last updated: May 13 2009 20:10

When Barclays announced the $4.2bn sale of iShares to CVC Capital Partners, the bank appeared have found a quick solution to improving its capital base and avoiding the need to take government money.

The speed of the deal surprised the market, but Barclays had inserted a dealmaking device designed to ensure the bank received the best price possible for the prized asset.

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