Financing for the deal will combine $2.2 billion from an equity sale, $2 billion in loans from banks, as well as Barclays. The total assets of the final company will amount to $2.7 trillion.
BlackRock CEO Laurence Fink said, "This will bring the greatest sweep of products to our clients. This transaction is transformational."
To read the entire Bloomberg.com article, click here.
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