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Company Statement: Barclays announces receipt of binding offer of 13.5 billion dollars by BlackRock for BGI

( June 12, 2009, 15:31 GMT | Official Statement) -- Extract: The Board of Directors of Barclays PLC (“Barclays”) today announces that it has received a binding offer from BlackRock, Inc. (“BlackRock”) for the purchase of the Barclays Global Investors business (“BGI”) for consideration of approximately US$13.5 billion (£8.2 billion) (the “BlackRock Offer”).The Board of Directors of Barclays PLC (“Barclays”) today announces that it has received a binding offer from BlackRock, Inc. (“BlackRock”) for the purchase of the Barclays Global Investors business (“BGI”) for consideration of approximately US$13.5 billion (£8.2 billion) (the “BlackRock Offer”). As part of the consideration offered, Barclays would receive 37.784 million new BlackRock shares giving it an economic interest of approximately 19.9% of the enlarged BlackRock Group which would be renamed BlackRock Global Investors. The remainder of the consideration of US$6.6 billion (£4.0 billion) would be paid by BlackRock in cash....

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