expected acquisition of Barclays Global Investors
could be announced as early as Thursday, the
Wall Street Journal's
Eleanor Laise reports, citing anonymous sources. BlackRock is expected to shell out around $13 billion for BGI. The deal could leave Barclays with a 20 percent stake in San Francisco-based BGI.
Speculation about BlackRock's interest in BGI came to light last month, and last Friday the Financial Times reported that a deal was near (see
06/05/09). Three days ago, BlackRock
that it's been engaged in negotiations with BGI (see
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