Vanguard eyes Barclays' iShares

Barclays has received a $5bn (&pound;3.1bn) counter-bid for its iShares exchange-traded funds business from US fund manager Vanguard, potentially scuppering the existing $4.4bn deal with CVC Partners.<br /><br />The bank has received interest from several parties for iShares, as well as the Barclays Global Investors (BGI) unit that houses it. Both are up for sale as part of a &ldquo;go-shop&rdquo; clause that allows new offers until 18 June.