hedgefunds
Hedge Fund Competing To Buy British Bank
Filed in archive Hedgetalk by Alex Akesson on June 9, 2009
Hedge Fund Competing To Buy British Bank
BlackRock, Inc. confirmed that negotiations are ongoing with U.K.'s third-largest bank, Barclays Bank plc, about the potential purchase of Barclays Global Investors (BGI), including the iShares business.

BlackRock's BGI buyout will break its own record in a hedge fund transaction, when in 2006 BlackRock took over Merrill Lynch's asset management business for $8.5 billion.

More at HedgeCo.net

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