Wednesday, 20 August 2014
Last updated 7 hours ago
Feb 17 2006 | 12:00am ET
BlackRock and Merrill Lynch reached an agreement Wednesday that will create a company with nearly $1 trillion in combined assets under management.
BlackRock will acquire Merrill Lynch Investment Managers from its parent company in exchange for an almost 50% stake in the combined company, which will retain the BlackRock name. The transaction has been approved by the boards of directors of both companies and is expected to close in the third quarter.
The deal will also create the largest fixed-income manager in the U.S. with a combined $415 billion in assets under management.
Laurence Fink, ceo of BlackRock, will serve as chairman and ceo of the combined company and Ralph Schlosstein will continue to serve as president and a director. Robert Doll, president and cio of MLIM, will become vice chairman, cio of global equities and chairman of the private client operating committee
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note