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Rating:Barclays Pockets an Extra $1.7 Billion from the BlackRock Deal Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, December 02, 2009

Barclays Pockets an Extra $1.7 Billion from the BlackRock Deal

News summary by MFWire's editors

Thanks to a rise in BlackRock's share price, Barclays took in an additional $1.7 billion from the sale of its Barclays Global Investors unit to the New York City-based asset manager.

The deal closed on Tuesday.

When the transaction was unveiled in June, the price tag was $13.5 billion. On Tuesday, Barclays said the consideration at completion was $15.2 billion.

Barclays expects to book a net gain of $9.7 billion. 

Edited by: Armie Margaret Lee


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