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Rating:Fink Says BlackRock Remains a Buyer Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, September 14, 2005

Fink Says BlackRock Remains a Buyer

by: Sean Hanna, Editor in Chief

Laurence Fink used an investors’ conference to advertise the fact that BlackRock is again shopping now that it has absorbed State Street Research & Management. BlackRock's chairman and CEO was speaking at the 2005 Lehman Brothers Financial Services Conference held Tuesday.

"There are a lot of deals being thrown on the table," Fink told the audience, according to a Reuters report of the conference. He added that he believes BlackRock now "has the DNA to do an acquisition," and that the firm has made overseas expansion a key goal.

BlackRock reported $414 billion in assets at the end of June. Fink said that alternative assets have been a strong source of asset growth.  

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