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Tag Archives: BlackRock

Barclays Global Investors (BGI) Unit Being Sold To BlackRock

13-Jun-09

Yesterday, Barclays PLC finalized a deal to sell its Barclays Global Investors (BGI) Unit to BlackRock Inc. for US$13.5B. The deal created the world’s largest asset manager, to be known as BlackRock Global Investors. BlackRock will pay US$6.6B cash and the rest in stock. It will also acquire BARC’s ishares business in order to increase [...]

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Overnight Market News – June 12, 2009

12-Jun-09

Barclay’s Plc Agrees to Sell BGI Investment Unit to BlackRock Inc for USD 13.5B, Creating World’s Largest Asset Manager European Industrial Output Declines by Record 21.6% in April Year-Over-Year on Persistent Slump in Demand Luxury Sportscar Maker Koenigsegg to Purchase General Motors Corp’s Saab Brand China’s Industry Output Rebounds to 8.9% vs 7.3% in April, [...]

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