BlackRock (BLK) Lower After Pricing Massive Secondary Offering
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BlackRock, Inc. (NYSE: BLK) is trading 1.5 percent lower early Wednesday after pricing an secondary offering of 26,211,335 shares of common stock held by Barclays Bank PLC (NYSE: BCS) at a price of $160.00 per share.
BlackRock also agreed to purchase approximately 6.4 million shares directly from Barclays for $1 billion.
Shares of BlackRock last traded at $160.82.
BlackRock also agreed to purchase approximately 6.4 million shares directly from Barclays for $1 billion.
Shares of BlackRock last traded at $160.82.
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