The Investment Brokerage - Regional Industry's BlackRock (BLK) was InvestorGuide.com's Stock of the Day on 6/12/2009.
BlackRock Just Wasn't Big Enough for Larry Fink
For about 10 years after he founded the asset-management firm BlackRock, Larry Fink was not a fan of mergers claiming that they don't work most of the time. Well, it's fair to say that he has come around on that a little bit. Fink took BlackRock from being a respected, decent-sized name in the asset management world to a major presence with about $1.3 trillion under management via deals in the mid-part of the decade with the likes of MetLife (MET: Charts, News, Offers) and Merrill Lynch. But yesterday, Fink took things to a new stratospheric level by buying Barclays' (BARC: Charts, News, Offers) asset management division for $13.5 billion. This creates the largest money-management business on the planet with a balance sheet bigger than the Federal Reserve's. Will Fink be able to manage this thing?Read more

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