Barclays is Prime U.S. Target, But Barriers Remain

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00009005-barclays-is-prime-us-target-but-barriers-/

Barclays Plc’s shares have surged in recent months, fuelled by speculation that the bank could be bought by a U.S. rival, but there are big obstacles to any deal, investors and analysts said.

Shares of Britain’s No. 3 bank have been the top performers among UK banks in the past six months, outperforming the FTSE UK banks index by about 14 percent.

As big U.S. banks mull overseas buys because they are restricted at home, Barclays could be attractive to them due to its fast-growing investment banking and fund management arms and businesses in continental Europe.

“You can imagine Barclays might be a good target. They have a good spread of businesses geographically and in terms of business lines,” said a fund manager at one of the bank’s biggest shareholders.

For this complete story, please visit Barclays is Prime U.S. Target, But Barriers Remain.

Barclays is Prime U.S. Target, But Barriers Remain

Unknown Author

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