BlackRock to Repurchase 3.1 Million Shares at $412.84 in Private Transaction
22 Marzo 2019 - 8:18AM
Noticias Dow Jones
By Michael Dabaie
BlackRock Inc. (BLK) said Friday that it has agreed to
repurchase 3.1 million of its shares at $412.84 a share in a
private transaction under its existing repurchase program.
The transaction is expected to close on March 25. As of March
25, BlackRock will have repurchased an aggregate of about $1.6
billion of its shares in 2019. BlackRock said that with that, it
will have completed its targeted level of share repurchases for the
year but remains opportunistic if relative valuation opportunities
arise.
Shares fell 1% to $425.53 Friday morning.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
March 22, 2019 10:03 ET (14:03 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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