MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, July 7, 2008 Thain is Close to a BlackRock Decision Both the Wall Street Journaland CNBC on Monday published updates on what John Thain intends to do with Merrill Lynch's stake in BlackRock. CNBC's Charlie Gasparino reported that Thain will make a decision on the early this week. He also reported that if Thain decides to sell it will likely be no more than a 25 percent stake (Merrill owns a 49 percent stake). The WSJ reports that Merrill officials are expected to sit down with BlackRock officials sometime this week to discuss possible options. The pub agrees that if Merrill does decide to sell, it will most likely be only a part of the stake. Printed from: MFWire.com/story.asp?s=18729 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |