Blackrock’s offer for BGI, Including iShares, Is formally Accepted By Barclays

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June 17, 2009 12:10pm ETF BASIC NEWS

blackrockBlackRock has received written notice that the Barclays board has accepted its offer to acquire Barclays Global Investors. The transaction is expected to close in the fourth quarter following approval by Barclays’ shareholders, the receipt of client consents and regulatory approvals, and satisfaction of customary closing conditions.

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