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BlackRock Inc., one of the world's largest investment management firms, has agreed to acquire reeling financial giant Barclays Global Investors from Barclays PLC in a cash and stock deal worth $13.5 billion. BlackRock will pay $6.6 billion in cash and $6.9 billion in stock. Barclays will hold a 19.9 percent stake in the newly formed company that will oversee $2.7 trillion in assets and become the world's largest money manager.
June 18, 2009 at 12:00 AM
1 minute read
Presented by BigVoodoo
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