BlackRock Leading Race for iShares and BGI

BlackRock, Inc. (BLK) and Barclays plc (BCS) confirmed this morning in separate press releases that BlackRock is engaged in discussions to purchase Barclays’ asset management arm Barclays Global Investors (BGI). The potential deal would include Barclay’s iShares unit, which is the market leader in the emerging and highly coveted Exchange Traded Funds industry. If the deal were completed,...