BlackRock To Acquire Global Infrastructure Partners For Total Consideration Of $3B Of Cash And ~12M Shares Of BlackRock Common Stock
Portfolio Pulse from Benzinga Newsdesk
BlackRock has agreed to acquire Global Infrastructure Partners for a total consideration of $3 billion in cash and approximately 12 million shares of BlackRock common stock.
January 12, 2024 | 11:03 am
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BlackRock is set to acquire Global Infrastructure Partners, which will likely expand its product offerings and could potentially increase its market share in the infrastructure investment sector.
The acquisition of Global Infrastructure Partners by BlackRock is a significant strategic move that could enhance BlackRock's offerings in the infrastructure sector and attract more clients. The deal involves a substantial cash component and equity, indicating BlackRock's commitment to the acquisition. This could be viewed positively by investors, as it suggests potential growth and diversification of BlackRock's asset management portfolio. However, the issuance of additional shares could dilute existing shareholders' equity, which is a factor to consider.
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