McGraw-Hill, CME said to weight joint bid for Barclays index arm
McGraw-Hill Financial Inc. and CME Group Inc. are interested in acquiring Barclays Plc’s index business and merging it with S&P Dow Jones Indices LLC — manager of the benchmark S&P 500 Index and Dow Jones Industrial Average, according to people familiar with the matter. Barclays, the largest U.K. bank by assets, began considering a sale of its index arm last year, but has delayed the auction in part to wait for Northwestern Mutual Life Insurance Co. to move forward with its sale of Russell Investments Ltd., another index manager, sources said.
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