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LOS ANGELES (AP) – Ending weeks of speculation, US investment manager BlackRock Inc. said Thursday it will purchase the asset management arm of British investment bank Barclays PLC for $13.5 billion in cash and stock, to become the world’s largest asset manager.
                    [DatePublished] => 2009-06-13 00:00:00
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BLAKE GROSSMAN

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abtest

BlackRock to become world's biggest money manager

June 13, 2009 - 12:00am

LOS ANGELES (AP) – Ending weeks of speculation, US investment manager BlackRock Inc. said Thursday it will purchase the asset management arm of British investment bank Barclays PLC for $13.5 billion in cash...

Business