British bank Barclays said Tuesday that it had accepted New York-based BlackRock's $13.5bn (€9.7bn) bid for Barclays Global Investors, the bank's money-management unit, after UK buyout firm CVC Capital Partners chose to take its $175m break fee.

The acceptance of BlackRock's offer, which was expected, closes the door to counter-bids for all or parts of the San Francisco-based BGI.

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BGI deal is official: CVC won't bid

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