AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

Analysis: Doubt over BGI merger benefit.

Financial Times Mandate

| June 01, 2009 | COPYRIGHT 2009 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Spencer Anderson

Opinion is divided on whether BlackRock's $13.5bn (EU9.7bn) acquisition of Barclays Global Investors (BGI) will benefit clients.

Officials from both firms were quick to emphasise that the transaction gave the organisation a much larger scale of expertise and size, as well as underlying the importance of what it called "independence".

However, various analysts have raised concerns that the size of the new venture could cause it to lose focus and direction, and added that there was no mention that the deal would lower fees for clients.

BlackRock's chairman and chief executive officer Laurence Fink said the transaction would create an organisation with large expertise in equities, fixed income and other asset classes.

He said: "The combination of active and passive instrument products will be unsurpassed and will enhance our ability to offer comprehensive solutions to institutional and retail clients."

His comments were largely echoed by Bob Diamond, president of Barclays Bank and chairman of BGI, ...

Related articles from newspapers, magazines, journals, and more
How Will The Proposed PEPCO-BGE Merger Benefit Area Customers?
Newspaper article from: Washington Informer December 18, 1996 700+ words
Washington Informer 12-18-1996 How Will The Proposed PEPCO-BGE Merger Benefit Area Customers?. In the age of on-going massive mergers and corporate downsizing, the proposed merger announced nearly two...
Merger Benefit.
Newspaper article from: CableFAX July 19, 2006 700+ words
Digeo is thrilled that Time Warner and Comcast's acquisition of Adelphia is nearly complete because it will mean new carriage for its Moxi media centers. Comcast will acquire 15K Moxi-HHs in Colorado Springs, CO, and Time Warner will pick up about 150K Moxi homes in the L.A. area. The MSOs plan to
Thomas Cook beats merger benefit target.
Magazine article from: Investors Chronicle - magazine and web content January 30, 2008 700+ words
Thomas Cook's long-awaited maiden results - following its merger last year with MyTravel - held few surprises after the group's detailed trading update in November Nathalie Olof-Ors Thomas Cook's maiden figures - following last year's merger with MyTravel - added little to November's decent enough
News: BlackRock delivers a global fiduciary first.
Magazine article from: Pensions Management July 1, 2009 700+ words
...access a wider diversity of asset classes, while bringing Henkel International time and cost efficiencies from using a smaller number...commodities. Matthew Fletcher, treasury manager at Henkel International with responsibility for global pensions, said: "Henkel...
News: BlackRock in fiduciary first with Henkel deal.
Magazine article from: Pensions Week June 15, 2009 700+ words
...access a wider diversity of asset classes, while bringing Henkel International time and cost efficiencies by using a smaller number...commodities. Matthew Fletcher, treasury manager at Henkel International, with responsibility for global pensions, said...
Henkel Relaunches North American Web Site.
Press release article from: PR Newswire June 18, 2007 700+ words
...modern and user-friendly Internet presentation is an essential base requirement for companies today," explains Henkel international communications Vice President Ernst Primosch. "Henkel's new Web site focuses on satisfying the information...
Henkel Announces Awards for Innovative Projects.
Press release article from: PR Newswire February 8, 2007 700+ words
...to enhance their corporate value." More information on the award-winning innovations can be found on the Henkel international website, http://www.henkel.com/. "Henkel - A Brand like a Friend". Henkel is a leader with brands...
Healthy skin Tone.(NONFOODS)
Magazine article from: Grocery Headquarters Mendelson, Seth Levitt, Craig June 1, 2008 700+ words
SCOTTSDALE, ARIZ.-BASED DIAL CORP., a Henkel International company, has introduced an assortment of Almond Milk and Coconut Milk products, including bar soaps, body wash and liquid hand...
For more facts and information, see all results
©2009 Gale, a part of Cengage Learning. All rights reserved.
About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA