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

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

Rating:BlackRock Offering Will Yield BofA and PNC More Than $8B Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, November 09, 2010

BlackRock Offering Will Yield BofA and PNC More Than $8B

News summary by MFWire's editors

Bank of America and PNC's planned sale of some of their shares in BlackRock [see profile] will bring in more than $8 billion, and they're selling more shares than initially planned. Yesterday the mutual fund firm filed to price the offering at $163 per share.

Dow Jones' Joan Solsman reported on the new filing.

BlackRock first revealed the planned sale last week, with BofA and PNC offering up a total of 42 million shares and the underwriters (Morgan Stanley and BofA's own Merrill Lynch) gaining the opportunity to buy 6.3 million more shares (see The MFWire, 11/3/2010). Now BofA and PNC will offer 51,075,758 shares (which comes to nearly $8.33 billion at $163 per share) and the underwriters could buy up to 5,207,376 more shares. 

Edited by: Neil Anderson, Managing Editor

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

 Do You Recommend This Story?

Return to Top
 News Archives
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. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use