iShares S&P/TSX Capped Materials Index ETF T.XMA

The investment objective of the Fund is to provide long term capital growth by replicating, to the extent possible, the performance of the S&P TSX Capped Materials Index the Index, net of expenses. To achieve its investment objective the Fund uses an indexing strategy. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through investment in one or more iShares ETFs and/or through the use of derivatives, a replicating strategy or sampling strategy. A replicating strategy is an investment strategy intended to replicate the performance of the Index by investing, directly or indirectly, primarily in a portfolio of index securities in substantially the same proportions as they are represented in the Index.

TSX:XMA - Post by User

iShares S&P/TSX Capped Materials Index ETF

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Post by ocean2parkon Jun 12, 2009 9:57am

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Post# 16065323

Sale price now 13.5 Billion

https://ca.ishares.com/index.do

London, 12 June 2009

Barclays announces receipt of binding offer of $13.5 billion (£8.2 billion) by BlackRock for BGI

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.

The Barclays Board has determined that the BlackRock Offer constitutes a superior offer to the transaction agreed with Blue Sparkle, L.P., the CVC Capital Partners Group SICAV-FIS S.A. vehicle ("CVC") formed in relation to its proposed purchase of the iShares business ("iShares"), as announced on 9 April 2009 (the "CVC Transaction"). Unless Barclays receives an offer from CVC by the end of Thursday 18 June 2009 (New York time) which it considers to match the BlackRock Offer, the Barclays Board will accept the BlackRock Offer and recommend it to Barclays shareholders for approval at a general meeting to be called for the purpose. Should CVC submit an offer that causes the BlackRock Offer no longer, in the opinion of the Barclays Board, to be considered superior to the CVC Transaction, Barclays will continue a transaction with CVC on those improved terms. Barclays is now no longer able to solicit other proposals or to continue negotiations with other interested parties other than to satisfy CVC's exercise of its right to match.

BlackRock Global Investors would be one of the leading global providers of investment management services with pro-forma assets under management of approximately US$2.8 trillion (£1.9 trillion) as at 31 December 2008 ...............................

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From now on, dynaCERT instead of Bitcoin or NVIDIA?