Barclays Will Net $5.5B From Discounted BlackRock Sale
Barclays agreed to sell 26.2 million shares of the New York-based asset manager through a secondary offering at a price of $160 apiece, a 2 percent discount from BlackRock's Tuesday close of $163.37, according to parallel statements the parties issued Tuesday night.
BlackRock stock, which has been slipping since...
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