Seeking Alpha

BLK
BlackRock, Inc.

5/27/2012, 3:07 PM ET
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BLK Market Currents more »
  • Wednesday 5:19 AM Barclays (BCS) raised a net $5.5B from the divestment of its 19.6% stake in BlackRock (BLK), selling 26.2M shares to money managers for $160 each and 6.38M shares to BlackRock for $156.80. There's also a greenshoe option of 2.6M shares. The sale will increase Barclays' Tier 1 capital ratio by about five basis points as it looks to meet Basel III requirements.
    Comment!
    [Financials, M&A]
  • Tuesday 9:01 AM BlackRock (BLK), along with Waddell & Reed (WDR) and Norway's SWF purchase a 20% stake in Formula One Group from CVC Capital Partners for $1.6B ahead of its Singapore IPO (expected next month).
    Comment!
    [M&A]
BLK in Focus more »
BLK Instablog posts more »
  • My Long-Term, Enhanced Investing-For-Income Strategy Discussion And Concentrator Blog
    Sun, May 6 • K202 • 17 Comments
  • Barchart Morning Call 4/18
    Wed, Apr 18 • Jim Van Meerten • Comment!
  • U.S. Futures Follow Europe Lower
    Wed, Apr 18 • Gary Townsend • Comment!
  • Financial Stocks Lead The Charge
    Tue, Apr 17 • InTheMoneyStocks.com • Comment!
  • Market Forecast + Sector Watch: SPX, Nasdaq, USO, XLE, OIH, XME, IGV, XLF, BTU, PCX, CLF, WLT, X, STLD, CRM, VMW, FFIV, CTSH, CTXS, CHKP, WFC, JPM, GS, BLK, MA, V, CELG, GILD, ALXN, REGN
    Mon, Apr 2 • MyHappyTrading • Comment!
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Company Description

BlackRock, Inc. is one of the largest publicly traded investment management firms in the United States with $1.307 trillion of assets under management at December 31, 2008. BlackRock manages assets on behalf of institutional and individual investors worldwide through a variety of fixed income,... More

Sector: Financial
Industry: Asset Management
Country: United States