MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, May 24, 2012 Fink Buys Barclays' Share on the Cheap Larry Fink and his team are buying up some of Barclays' BlackRock [profile] shares at a nine percent discount compared to last week. On Monday MFWire reported that the British bank would sell its $6.1 billion stake in the world's largest asset manager, with $1 billion of those shares going back to BlackRock and the rest, save some for the underwriters, going on the open market. Reuters reports that Barclays will sell 26.2 million BlackRock shares for $160 each on the open market, while selling 6.4 million shares to BlackRock for $1 billion, which works out to $156.25 per share. That compares to the $172 closing price from Friday and the $167.50 price from yesterday. Printed from: MFWire.com/story.asp?s=40112 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |