Less than three years after selling Barclays Globals Investors
], Barclays Plc is selling its $6.1 billion stake in BlackRock. Bloomberg
and Dow Jones
both reported on the move.
According to Bloomberg
, the value of the holding has dropped 24 percent since the deal closed in December 2009. Larry Fink
and his team will snap up $1 billion of Barclays' shares, with the rest going on the open market. Barclays CEO Robert Diamond
will also leave BlackRock's board of directors.
Neil Anderson, Managing Editor
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