SPA Newswire
Merrill Lynch has closed a massive deal with BlackRock, giving BlackRock control of the investment assets of Merrill Lynch Investment Management. Negin Janati, writing on behalf of the Structured Products Association, analyses the deal and examines other important happenings in North America
MERRILL LYNCH/BLACKROCK (New York) - In a dramatic boardroom battle that transfixed the financial services industry throughout February, Merrill Lynch beat Morgan Stanley to close a $9.3 billion deal with BlackRock. Unlike Morgan Stanley's proposed deal, however, the transaction gives BlackRock control over the investment assets of Merrill Lynch Investment Management - creating a trillion-dollar
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