UK banking titan Barclays has announced the pricing details of the open offer part of its recently announced sale of its stake in US wealth management giant Blackrock.
Barclays has agreed to sell 26.2m shares of Blackrock in an underwritten public offering at a price of $160 a share. In addition, as previously announced, Blackrock will repurchase 6.4m Blackrock shares from Barclays at $156.80 per share, for an aggregate purchase amount of $1.0bn.
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