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Bank of America 'eyeing Barclays' | Bank of America 'eyeing Barclays' |
(about 3 hours later) | |
Shares in Barclays Bank have risen 3.25% on continuing speculation that it may receive a takeover bid from Bank of America, the second-largest US lender. | |
Following press reports, an analyst at investment bank Merrill Lynch said he believed Bank of America was "very interested" in the UK firm. | Following press reports, an analyst at investment bank Merrill Lynch said he believed Bank of America was "very interested" in the UK firm. |
Edward Najarian said Barclays, Britain's third-largest bank, would be a "perfect fit" for the US giant. | Edward Najarian said Barclays, Britain's third-largest bank, would be a "perfect fit" for the US giant. |
Bank of America, whose shares fell 1%, has plans to expand overseas. | Bank of America, whose shares fell 1%, has plans to expand overseas. |
Share sale | Share sale |
Neither of the two banks has yet commented on the link. | Neither of the two banks has yet commented on the link. |
Rumours of Bank of America's interest in Barclays comes as Barclays' outgoing chairman Matt Barrett said he had sold 2.3 million shares in the UK firm. | Rumours of Bank of America's interest in Barclays comes as Barclays' outgoing chairman Matt Barrett said he had sold 2.3 million shares in the UK firm. |
Analysts said the move appeared to be an attempt to signal that Barclays had not received any approach from the Americans. | Analysts said the move appeared to be an attempt to signal that Barclays had not received any approach from the Americans. |
Yet the analysts said they thought a bid could still be imminent. | Yet the analysts said they thought a bid could still be imminent. |
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