| 27.06.2007 BlackRock to acquire Quellos for $1.7bln, BlackRock deal shows hedge funds industry`s quest for size, Opalesque Exclusive: Quellos Update on acquisition and new leadership |
| BlackRock to acquire Quellos for $1.7bln From InvesmentNews.com: BlackRock Inc., the New York-based asset management firm, today said it will buy Quellos Group LLC’s fund of funds business for up to $1.7 billion. At closing, Quellos will receive $562 million in cash, plus $188 million in BlackRock common stock. The Seattle-based investment management firm may also get up to $970 million in cash |