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Friday, June 12, 2009|
Columbia Has One Less Suitor
A day after BlackRock unveiled its mega deal to buy Barclays Global Investors, BlackRock CEO Larry Fink is putting his checkbook away.
"I could certainly say from my behalf, and I think for my board, we are not contemplating anything beyond this," the New York Times quotes Fink as saying at a conference call with analysts Friday morning. "We are not doing any more transactions for the time being."
Last month, reports surfaced that BlackRock had submitted a preliminary offer for Columbia Management, Bank of America's investment management unit. Franklin Resources and Federated Investors reportedly put in bids for Columbia as well.
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