Two ratings agenies have affirmed ratings for Merrill Lynch & Co. Inc. in the wake of its deal with BlackRock Inc. BlackRock will acquire Merrill’s investment management business in exchange for newly issued BlackRock common and preferred stock. The deal will give Merrill Lynch 49.8% ownership in the new and expanded BlackRock, which will have […]
Merrill to benefit from ownership stake in diversified asset management group
Deal makes new BlackRock one of the world’s top money managers