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Barclays PLC (BCS)

  • Sun, May 31, 12:27 PM
  • Sep. 10, 2014, 5:16 AM
  • Sep. 1, 2014, 2:11 AM
  • Nov. 21, 2013, 3:19 PM
  • Sep. 22, 2013, 2:52 AM
  • Sep. 12, 2013, 2:42 AM
  • Sep. 3, 2013, 4:25 AM
  • Feb. 1, 2013, 6:00 AM
    The deal to take Dell (DELL) private could reportedly be finalized over the weekend and announced on Monday. As already speculated, Michael Dell will gain majority control, while Silver Lake and Microsoft (MSFT) will become minority shareholders, although there's no word on the final price. Barclays (BCS), Bank of America (BAC), Credit Suisse (CS) and RBC Capital (RY) will provide $15B of debt financing.
  • Oct. 31, 2012, 5:13 AM
    Phillips-Van Heusen (PVH) agrees to acquire Warnaco (WRC) for about $2.9B in cash and stock in a deal that "reunites the House of Calvin Klein." Based on PVH's last closing stock price, the deal is worth $68.43 a share, representing a 34% premium over Warnaco's close on Friday. PVH has also received commitments for $4.33B in financing from Barclays (BCS), BofA (BAC) and Citigroup (C), some of which PVH will use for the merger. (PR)
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  • Oct. 9, 2012, 6:18 AM
    Barclays (BCS) agrees to acquire ING Direct U.K., with the British bank taking on deposits of £10.9B and mortgages of £5.6B, as well as 1.5M customers and 750 employees. The mortgage book has a loan-to-value ratio of 50% as of Aug 31, with Barclays paying a 3% discount but buying the deposit book at par. ING (ING) is taking a €320M after-tax loss on the sale. (PR: Barclays, ING)
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  • Sep. 13, 2012, 8:41 AM
    Barclays (BCS) sells a 60% stake in U.K. student housing company University Partnerships Programme (UPP) to Holland's PGGM in deal estimated at £840M. Barclays is now considering selling the other 40% in UPP, Reuters reports, as it looks to exploit the strong investor demand for student accommodation.
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  • Jun. 6, 2012, 8:52 AM
    Barclays' (BCS) South African unit, Absa (AGRPY.PK), agrees to acquire a private-label store card portfolio of clothing and footwear retailer Edcon for 10B rand ($1.2B). While the deal is for Edcon's South African ops, Absa also intends to buy the retailer's assets in neighboring countries.
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  • May 28, 2012, 4:39 AM
    Barclays (BCS) agrees to sell a portfolio of 23,500 German apartments with a value of €1.24B ($1.55B) to real-estate group Deutsche Wohnen (DWHHF.PK). Steadily rising prices over the last couple of years have attracted investors to the German property market, whose health stands in stark contrast to that of Spain and Ireland.
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  • May 25, 2012, 6:54 AM
    Lehman Brothers (LEHMQ.PK) confirms a report that it has agreed to buy the 26.5% stake it doesn't own in Archstone from Bank of America (BAC) and Barclays (BCS) for $1.58B. As expected, Sam Zell's Equity Residential (EQR), which was also battling for the apartment giant, will receive a $150M break-up fee from Lehman and the two banks.
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  • May 24, 2012, 6:16 PM
    Lehman Brothers (LEHMQ.PK) strikes a deal to buy the 26.5% stake it doesn't already own in apartment giant Archstone from BofA (BAC) and Barclays (BCS) for $1.58B, WSJ reports, ending the high-stakes chess game between Lehman and Sam Zell's Equity Residential (EQR). But Zell won't walk away empty handed, as his firm will get $150M in the deal.
  • May 23, 2012, 5:19 AM
    Barclays (BCS) raised a net $5.5B from the divestment of its 19.6% stake in BlackRock (BLK), selling 26.2M shares to money managers for $160 each and 6.38M shares to BlackRock for $156.80. There's also a greenshoe option of 2.6M shares. The sale will increase Barclays' Tier 1 capital ratio by about five basis points as it looks to meet Basel III requirements.
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Company Description
Barclays PLC is a financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth and investment management. It operates in Europe, the Americas, Africa and Asia.