The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:BlackRock Clears Another BGI Hurdle Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, September 23, 2009

BlackRock Clears Another BGI Hurdle

News summary by MFWire's editors

BlackRock's acquisition of Barclays Global Investors is one step closer to becoming a reality. The New York Times reports that on Tuesday The European Commission approved the deal. The commission's go-ahead was unsurprising but required under the European Union's Merger Regulation. The EC concluded that "the transaction would not significantly impede effective competition in the European Economic Area or any substantial part of it."

The group's consent is one of many required in the deal. Barclays accepted BlackRock's offer earlier this summer on June 16. Last month, Barclays shareholders gave the transaction the green-light, and both firms still await an expected identical result from BlackRock shareholders. Although an exact date is unknown, the deal should close around year-end, according to BlackRock officials. The acquisition of BGI will make BlackRock the largest asset manager in the world. 

Edited by: Daniel Tovrov

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use