BlackRock has agreed to buy Barclays Global Investors (BGI), including its exchange traded fund platform iShares, in a cash and shares deal worth $13.5bn (£8.15bn).
The deal will see Barclays take a 19.9% stake in the combined firm, which will be renamed BlackRock Global Investors. The combined firm will have assets under management in excess of $2.7trn and a combined...
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