BlackRock's latest acquisition is a smart attempt to counter price wars in stocks and bonds tombuerkle
BlackRock on March 22 announced an agreement to acquire eFront, a provider of alternative-investment management software, from private-equity firm Bridgepoint and eFront employees for $1.3 billion in cash.
Also on March 22, BlackRock said it agreed to buy back 3.1 million of its own shares at a price of $412.84 each, a 4 percent discount to the closing price on March 21. It expects the share-repurchase transaction to close on March 25.
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