MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, December 2, 2009 Barclays Pockets an Extra $1.7 Billion from the BlackRock Deal 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. Printed from: MFWire.com/story.asp?s=23403 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |