BlackRock offers shares, $6.6B cash for Barclays unit

ByABC News
June 12, 2009, 5:36 AM

NEW YORK -- Investment manager BlackRock says it will purchase the asset management arm of British investment bank Barclays, including its iShares division, for $6.6 billion in cash plus 37.8 million shares currently worth about $6.9 billion.