Friday, November 22, 2024
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BlackRock in speak about a critical tie-up with Millennium


By Paritosh Bansal and Carolina Mandl

NEW YORK CITY (Reuters) – BlackRock Inc remains in early-stage talks with hedge fund Millennium Management concerning a critical tie-up that might entail getting a minority risk in the bush fund, 2 resources acquainted with the issue claimed.

The resources claimed it was unclear whether the talks would certainly cause a bargain, with among them stating the tactical reasoning of a purchase was unclear.

The Financial Times reported previously on the offer talks.

(Reporting by Carolina Mandl, in New York; Editing by Sandra Maler)



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