News, analysis and personal reflections on the markets & the financial sector

Friday, June 12, 2009

BlackRock to pay $13.5B for Barclays Global Investors


Money manager BlackRock will become the largest asset manager in the world with its acquisition of Barclays Global Investors. The deal will boost BlackRock's assets under management to about $2.7 trillion. "This is a transformational transaction," said BlackRock CEO Laurence Fink.

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