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<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>us00165c1045_020221.txt
<TEXT>
us00165c1045_020221.txt

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No: )

AMC ENTERTAINMENT HOLDINGS INC
--------------------------------------------------------
(Name of Issuer)

Class A Common Stock
--------------------------------------------------------
(Title of Class of Securities)

00165C104
--------------------------------------------------------
(CUSIP Number)

December 31, 2020
--------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:

[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)


*The remainder of this cover page shall be filled out
for a reporting person's initial filing on this form with
respect to the subject class of securities, and for any
subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover
page shall not be deemed to be "filed" for the purpose
of Section 18 of the Securities Exchange Act of 1934
("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).





CUSIP No. 00165C104

(1)Names of reporting persons. BlackRock, Inc.


(2) Check the appropriate box if a member of a group
(a) [ ]
(b) [X]


(3) SEC use only

(4) Citizenship or place of organization

Delaware

Number of shares beneficially owned by each reporting person with:

(5) Sole voting power

6092860

(6) Shared voting power

0

(7) Sole dispositive power

6211222

(8) Shared dispositive power

0

(9) Aggregate amount beneficially owned by each reporting person

6211222

(10) Check if the aggregate amount in Row (9) excludes certain shares

(11) Percent of class represented by amount in Row 9

5.7%

(12) Type of reporting person

HC





Item 1.

Item 1(a) Name of issuer:
-----------------------------------------------------------------------

AMC ENTERTAINMENT HOLDINGS INC

Item 1(b) Address of issuer's principal executive offices:
-----------------------------------------------------------------------

ONE AMC WAY 11500 ASH STREET
LEAWOOD KS 66211


Item 2.


2(a) Name of person filing:
----------------------------------------------------------------------
BlackRock, Inc.


2(b) Address or principal business office or, if none, residence:
-----------------------------------------------------------------------
BlackRock, Inc.
55 East 52nd Street
New York, NY 10055


2(c) Citizenship:
--------------------------------------------------------------------
See Item 4 of Cover Page


2(d) Title of class of securities:
-------------------------------------------------------------------

Class A Common Stock

2(e) CUSIP No.:
See Cover Page






Item 3.

If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c),
check whether the person filing is a:
[ ] Broker or dealer registered under Section 15 of the Act;
[ ] Bank as defined in Section 3(a)(6) of the Act;
[ ] Insurance company as defined in Section 3(a)(19) of the Act;
[ ] Investment company registered under Section 8 of the
Investment Company Act of 1940;
[ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
[ ] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
[X] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
[ ] A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
[ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment Company
Act of 1940;
[ ] A non-U.S. institution in accordance with
Rule 240.13d-1(b)(1)(ii)(J);
[ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing
as a non-U.S. institution in accordance with
Rule 240.13d-1(b)(1)(ii)(J), please specify the type of
institution:


Item 4. Ownership

Provide the following information regarding the aggregate number
and percentage of the class of securities of the issuer identified in Item 1.


Amount beneficially owned:

6211222

Percent of class

5.7%

Number of shares as to which such person has:

Sole power to vote or to direct the vote

6092860

Shared power to vote or to direct the vote

0

Sole power to dispose or to direct the disposition of

6211222

Shared power to dispose or to direct the disposition of

0









Item 5.

Ownership of 5 Percent or Less of a Class. If this statement is being
filed to report the fact that as of the date hereof the reporting person
has ceased to be the beneficial owner of more than 5 percent of the
class of securities, check the following [ ].


Item 6. Ownership of More than 5 Percent on Behalf of Another Person

If any other person is known to have the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale
of, such securities, a statement to that effect should be included in
response to this item and, if such interest relates to more than 5 percent
of the class, such person should be identified. A listing of the
shareholders of an investment company registered under the Investment
Company Act of 1940 or the beneficiaries of employee benefit plan,
pension fund or endowment fund is not required.

Various persons have the right to receive or the power to direct
the receipt of dividends from, or the proceeds from the sale of
the common stock of
AMC ENTERTAINMENT HOLDINGS INC.
No one person's interest in the common stock of
AMC ENTERTAINMENT HOLDINGS INC
is more than five percent of the total outstanding common shares.

Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company or Control Person.


See Exhibit A


Item 8. Identification and Classification of Members of the Group


If a group has filed this schedule pursuant to Rule 13d-1(b)(ii)(J),
so indicate under Item 3(j) and attach an exhibit stating the identity
and Item 3 classification of each member of the group. If a group
has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d),
attach an exhibit stating the identity of each member of the group.


Item 9. Notice of Dissolution of Group

Notice of dissolution of a group may be furnished as an exhibit
stating the date of the dissolution and that all further filings with
respect to transactions in the security reported on will be filed,
if required, by members of the group, in their individual capacity.

See Item 5.

Item 10. Certifications
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are
held in the ordinary course of business and were not acquired
and are not held for the purpose of or with the effect of changing
or influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a participant
in any transaction having that purpose or effect.

Signature.

After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.


Dated: February 2, 2021
BlackRock, Inc.


Signature: Spencer Fleming



-------------------------------------------

Name/Title Attorney-In-Fact


The original statement shall be signed by each person on whose
behalf the statement is filed or his authorized representative.
If the statement is signed on behalf of a person by his authorized
representative other than an executive officer or general partner
of the filing person, evidence of the representative's authority to
sign on behalf of such person shall be filed with the statement,
provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated
by reference. The name and any title of each person who
signs the statement shall be typed or printed beneath his signature.



Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (see 18 U.S.C. 1001).


Exhibit A



Subsidiary


BlackRock Advisors, LLC
BlackRock Investment Management (UK) Limited
BlackRock Asset Management Canada Limited
BlackRock Investment Management (Australia) Limited
BlackRock (Netherlands) B.V.
BlackRock Fund Advisors
BlackRock Asset Management Ireland Limited
BlackRock Institutional Trust Company, National Association
BlackRock Financial Management, Inc.
BlackRock Asset Management Schweiz AG
BlackRock Investment Management, LLC



*Entity beneficially owns 5% or greater of the outstanding
shares of the security class being reported on this
Schedule 13G.
Exhibit B


POWER OF ATTORNEY

The undersigned, BLACKROCK, INC., a corporation duly organized
under the laws of the State of Delaware, United States (the
"Company"), does hereby make, constitute and appoint each of
Christopher Meade, Daniel Waltcher, Una Neary, Richard Cundiff,
Charles Park, Enda McMahon, Arlene Klein, Con Tzatzakis, Karen Clark,
David Maryles, Daniel Ronnen, John Stelley, Daniel Riemer,
Elizabeth Kogut, Maureen Gleeson, Daniel Kalish and Spencer Fleming acting
severally, as its true and lawful attorneys-in-fact, for the purpose of, from
time to time, executing in its name and on its behalf, whether the Company
individually or as representative of others, any and all documents, is acting
certificates, instruments, statements, other filings and amendments to the
foregoing (collectively, "documents") determined by such person to
be necessary or appropriate to comply with ownership or control-person
reporting requirements imposed by any United States or non-United States
governmental or regulatory authority, Including without limitation
Forms 3, 4, 5, 13D, 13F, 13G and 13H and any amendments to any of the
Foregoing as may be required to be filed with the Securities and
Exchange Commission, and delivering, furnishing or filing any
such documents with the appropriate governmental, regulatory
authority or other person, and giving and granting to each such
attorney-in-fact power and authority to act in the premises as fully
and to all intents and purposes as the Company might or could
do if personally present by one of its authorized signatories,
hereby ratifying and confirming all that said attorney-in-fact shall
lawfully do or cause to be done by virtue hereof. Any such
determination by an attorney-in-fact named herein shall be
conclusively evidenced by such person's execution, delivery,
furnishing or filing of the applicable document.

This power of attorney shall expressly revoke the power of attorney
dated 8th day of December, 2015 in respect of the subject matter hereof,
shall be valid from the date hereof and shall remain in full force and
effect until either revoked in writing by the Company, or, in respect of
any attorney-in-fact named herein, until such person ceases to be an
employee of the Company or one of its affiliates.


IN WITNESS WHEREOF, the undersigned has caused this power of
attorney to be executed as of this 2nd day of January, 2019.

BLACKROCK, INC.


By:_ /s/ Daniel Waltcher
Name: Daniel Waltcher
Title: Deputy General Counsel

</TEXT>
</DOCUMENT>

https://www.sec.gov/Archives/edgar/data/1411579/000083423721006837/us00165c1045_020221.txt

 

 

SEC-DOCUMENT>0000869178-21-000102.txt : 20210225 0000869178-21-000102.hdr.sgml : 20210225 20210225154550 ACCESSION NUMBER: 0000869178-21-000102 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20210225 DATE AS OF CHANGE: 20210225 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-82091 FILM NUMBER: 21679999 BUSINESS ADDRESS: STREET 1: 55 EAST 52ND STREET CITY: NEW YORK STATE: NY ZIP: 10055 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 55 EAST 52ND STREET CITY: NEW YORK STATE: NY ZIP: 10055 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VAN ECK ASSOCIATES CORP CENTRAL INDEX KEY: 0000869178 IRS NUMBER: 133210061 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 666 THIRD AVENUE, 9TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2122932000 MAIL ADDRESS: STREET 1: 666 THIRD AVENUE, 9TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 SC 13G/A 1 schedule13g.htm schedule13g.htm



 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Amendment No.1
 
 
 
 Vasta Platform Ltd.

(Name of Issuer) 

COMMON SHARES 

 
(Title of Class of Securities)

G9440A109
 

 (CUSIP Number)
 
December 31, 2020 - Year End Filing
 

 (Date of Event Which Requires Filing of this Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
[X] Rule 13d-1(b)
[   ] Rule 13d-1(c)
[   ] Rule 13d-1(d)
 
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
 
 
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 
 
Page 1 of 5 pages
 





CUSIP No.           G944A109

 
1.
Names of Reporting Persons 
I.R.S. Identification Nos. of above persons (entities only) 
Van Eck Associates Corporation  
666 Third Ave. - 9th Floor, New York, New York 10017 

2.
Check the Appropriate Box if a Member of a Group (See Instructions) 
(a)
               N/A 
(b) 
 

 
3
SEC Use Only 

 
4.
Citizenship or Place of Organization:       Delaware

 
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With 
5.
Sole Voting Power 
0 common shares 
 
 
 
6.
Shared Voting Power 
None 
 
 
 
7.
Sole Dispositive Power 
0 common shares 
 
 
 
8.
Shared Dispositive Power 
 None

 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person  0 Common Shares are held within mutual funds and other client accounts managed by Van Eck Associates Corporation, none of which individually owns more than 5% of the outstanding shares. 

10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)      N/A 

 
11.
Percent of Class Represented by Amount in Row (9)     0.00% 

 
12.
Type of Reporting Person (See Instructions)       IA
 
Page 2 of 5 pages
 


 


 

 
 
 
Item 1. (a)
Name of Issuer
Vasta platform Ltd.
 
 
Item 1. (b)
Address of Issuer's Principal Executive Offices
Av. Paulista, 1106, 10th Floor
Bela Vista, São Paulo D5 01310-100
 
 
Item 2. (a)
Name of Person Filing
Van Eck Associates Corporation
 
 
Item 2. (b)
Address of Principal Business Office or, if none, Residence
666 Third Ave. - 9th Floor, New York, New York 10017 
 
 
Item 2. (c)
Citizenship or Place of Organization:
Delaware 
 
 
Item 2. (d)
Title of Class of Securities
Common Shares 
 
 
Item 2. (e)
CUSIP Number
Not Applicable 
 
 
Item 3.
If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:
 
 
(a)
 [   ] 
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). 
 
 
 
(b)
 [   ] 
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). 
 
 
 
(c)
 [   ] 
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). 
 
 
 
(d)
 [   ] 
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). 
 
 
 
(e)
 [X] 
An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); 
 
 
 
(f)
 [   ] 
An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
 
 
 
(g)
 [   ] 
A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); 
 
 
 
(h)
 [   ] 
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); 
 
 
 
(i)
 [   ] 
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
 
 
 
(j) 
 [   ] 
Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
 
 
 
Page 3 of 5 pages 
 


 


 
 
 
 
Item 4.
Ownership.
 
 
 
 
(a)     
Amount beneficially owned: 0 Common Shares 
 
 
(b)     
Percent of class: 0% 
 
 
(c)     
Number of shares as to which the person has: 
 
 
 
 
(i)     
Sole power to vote or to direct the vote 0 Common Shares 
 
 
 
 
(ii)     
Shared power to vote or to direct the vote      None 
 
 
 
 
(iii)     
Sole power to dispose or to direct the disposition of    0 Common Shares 
 
 
 
 
(iv)     
Shared power to dispose or to direct the disposition of      None 
 
Item 5.
Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following:
[ ]
 
 
Item 6.
Ownership of More than Five Percent on Behalf of Another Person.
Not applicable.
 
 
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
Not applicable. 
 
 
Item 8.
Identification and Classification of Members of the Group
Not applicable. 
 
 
Item 9.
Notice of Dissolution of Group
Not applicable. 
 
 
Item 10.
Certification
 
 
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. 
 
 
 
Page 4 of 5 pages
 
 


 


 
 
SIGNATURE  
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
 
February 25, 2021
 
 
 
Date 
 
 
 
/S/ James L. Parker
 

 
Signature 
 
James L. Parker, Assistant Treasurer
 

 
 
Name/Title 

 
The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath this signature. 
 
Page 5 of 5 pages 
 



https://www.sec.gov/Archives/edgar/data/869178/000086917821000102/0000869178-21-000102.txt   


BlackRock Inc. buys Barclays unit to become world's largest money manager; manages $2.7 trillion
By BLOOMBERG NEWS
JUN 12, 2009 AT 9:59 AM

BlackRock headquarters in New York. It has taken over an investment until of Barclays, making it the largest money manager in the world - in charge of $2.7 trillion.
BlackRock headquarters in New York. It has taken over an investment until of Barclays, making it the largest money manager in the world - in charge of $2.7 trillion. (Lennihan/AP)
BlackRock Inc., started 21 years ago in a one-room office by former mortgage-bond trader Laurence Fink, agreed to buy Barclays Plc's investment unit for $13.5 billion to become the world's largest money manager.

BlackRock will pay $6.6 billion in cash and the rest in stock for Barclays Global Investors, the New York-based company said today in a statement. Barclays will hold a 19.9 percent stake in the combined company. Financing will include $2.8 billion from the sale of equity to institutional investors and as much as $2 billion in loans from Barclays and other banks.


ADVERTISEMENT

The purchase, the biggest of a fund manager, creates a company overseeing $2.7 trillion in assets, more than the Federal Reserve. BlackRock will add about $1 trillion in investments that track market indexes, which are attracting clients at the expense of funds whose managers choose securities to buy and sell. It's the first top-ranked firm to attempt to combine both types of businesses.

"This will bring the greatest sweep of products to our clients," Fink, BlackRock's chairman and chief executive officer, said in a telephone interview. "This transaction is transformational."

Barclays, the U.K.'s third-largest bank, agreed in April to sell BGI's iShares exchange-traded fund unit to London-based CVC Capital Partners Ltd. for $4.4 billion. The bank, which is seeking to raise capital to replenish loan losses, had until June 18 to find a better deal for iShares or all of BGI, which analysts last month valued at more than $10 billion.

The private equity firm, which has until June 18 to match BlackRock's offer, is unlikely to submit a higher bid, said a person familiar with the talks, who declined to be identified. CVC will instead receive a $175 million break-up fee. Officials at the firm declined to comment today. Barclays can no longer solicit bids for San Francisco-based BGI from other buyers.


ADVERTISEMENT

The combined company will have a market value of more than $34 billion, Fink, 56, said on a conference call. The deal will add to per-share cash earnings by 10 percent in 2010, he said.

"It looks like a good price, a strong gain and it removes the rights issue prospect for Barclays," said Simon Maughan, an analyst at MF Global Securities in London who has a "buy" rating on Barclays. "It will allow Barclays to redeploy capital in Barclays Capital for at least as good a return as BGI."

Barclays will have a net gain of $8.8 billion from the sale, which will increase its core Tier 1 capital ratio, a measure of financial strength, by 150 basis points to 8 percent as of Dec. 31, 2008, the bank said in a statement.

Barclays fell 10.75 pence, or 3.5 percent, to 293.75 pence in London. The shares have gained 99 percent this year, the best performance in the five-member FTSE 350 Banks Index.

BlackRock dropped $8.92, or 4.9 percent, to $173.68 at 9:49 a.m. in New York Stock Exchange composite trading. The stock had gained 36 percent this year before today, compared with little change by the Russell 1000 Financial Services Index.

John Varley, Barclays' CEO, and President Robert Diamond will join the board of the new company, to be called BlackRock Global Investors. Blake Grossman, CEO of the Barclays investment unit, will be a vice chairman of BlackRock.

Diamond, 57, stands to make a $26 million profit from the sale of his stake in BGI, the company said. He was awarded BGI stock and options before joining its board in 2005. Diamond's payout comes from a total of about $576 million to be shared by 410 BIG executives.

Barclays will have a 4.9 percent voting interest in the company, with restrictions on the sale or acquisition of shares. It will have the right to maintain its ownership percentage if BlackRock issues additional shares in the future.

Bank of America Corp., based in Charlotte, North Carolina, will see its stake in BlackRock drop to 34.2 percent from the 47 percent it held on March 31. Pittsburgh-based PNC Financial Services Group Inc. will own 24.6 percent, down from 32 percent.

Barclays, along with Citigroup Inc. and Credit Suisse Group AG, will provide BlackRock with a 364-day revolving credit line of as much as $2 billion. BlackRock plans to refinance any use of the credit with proceeds of term-debt financings.

A group of undisclosed investors agreed to buy 19.9 million new shares for about $140.70 each, BlackRock said. That's a 10 percent discount to the 10-day moving average of the stock price prior to the agreement, Fink said on the call.

BlackRock, currently the No. 3 fund company, and Bank of New York Mellon Corp. were the main bidders for BGI and its $1.5 trillion of assets, the most in the industry.

Fink was able to win BGI partly because the company's stock price has risen 36 percent this year, compared with a gain of 2.2 percent by BNY Mellon. State Street Corp., which has $1.44 trillion in assets, mostly in index-based products, probably was hindered by antitrust concerns.

The BGI deal pushes BlackRock past State Street and widens the lead over Fidelity Investments, an active manager with $1.25 trillion in assets. Both rivals are based in Boston.

BGI is Europe's biggest hedge-fund firm, Canada's largest independent manager of pension-fund assets and Japan's No. 1 firm with discretion over client holdings, according to the company. Barclays Global's pretax profit fell 19 percent to $595 million last year as financial markets plunged.

The fund industry is split between companies that actively manage investments and those that try to match the performance of indexes such as the Standard & Poor's 500.

There has never been a marriage on this scale between managers with differing investing styles, said Geoff Bobroff, president of Bobroff Consulting Inc. in East Greenwich, Rhode Island, who advises mutual-fund companies.

The deal will build on Fink's $8.5 billion takeover of New York-based Merrill Lynch's investment unit in 2006, which enabled BlackRock to add stock funds.

BlackRock managed $1.28 trillion as of March 31, including $474 billion in bonds, $322 billion in cash products, $266 billion in stock funds and $52 billion in alternative investments such as hedge funds. BlackRock also advises clients on $169 billion in assets including distressed-debt and mortgages.

The company is known mainly for its active stock and bond funds, such as those overseen by Robert Doll, global investment chief of equities, and Scott Amero, chief investment officer of fixed income.

BGI's assets included $829 billion in stocks, $427 billion in bonds and $159 billion in cash as of Dec. 31, the most recent breakdown on its Web site. More than 70 percent was tied to indexes, including iShares exchange-traded funds. The firm has more than 2,800 funds that track about 250 indexes worldwide.

The combined company will have more than 9,000 employees in 24 countries.

ETFs accounted for $375 billion of BGI's assets as of May 31, giving it 48 percent of the market, according to a June 7 research report from BGI. ETFs typically track indexes and trade throughout the day like stocks.

The ETF business will give BlackRock an advantage over Pacific Investment Management Co., its biggest fixed-income rival. The Newport Beach, California-based firm, founded by Bill Gross, is starting to build an ETF roster.

Fink is adding funds at a time when customer redemptions and market declines have slashed assets under management at BlackRock and its competitors. First-quarter net income fell 65 percent to $84 million.

While investors withdrew a net $230 billion from U.S.- registered stock and bond mutual funds in 2008, they added $34 billion to index funds, according to the Investment Company Institute, a Washington-based trade group. Exchange-traded funds, which aren't included in the institute's mutual-fund data, added $177 billion.

Diversified U.S. equity index funds declined 38 percent in 2008, edging out their active peers, which fell 39 percent. That helped persuade more investors to move to passive investing.

Active funds have performed better this year. Diversified active U.S. equity funds returned an average 10 percent through June 10, compared with a gain of 7.3 percent for diversified equity index funds.

BGI was created in 1996 when Barclays bought Wells Fargo Nikko Advisers and merged it with its BZW Investment Management unit. Wells Fargo Nikko had been a joint venture between San Francisco-based Wells Fargo & Co. and Tokyo-based Nikko Cordial Securities Inc.

BlackRock will receive a $45 million termination fee if CVC doesn't match the BlackRock offer and Barclays' shareholders don't approve the deal, the bank said in its statement.

Citigroup and Credit Suisse served as lead financial advisers to BlackRock. Bank of America's Merrill Lynch unit, Morgan Stanley and Perella Weinberg Partners provided additional advice. Skadden, Arps, Slate, Meagher & Flom was legal counsel.

Barclays Capital acted as lead financial adviser to Barclays, and Lazard & Co. also provided advice. Clifford Chance LLP and Sullivan & Cromwell LLP were the bank's legal advisers.

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https://www.nydailynews.com/news/money/blackrock-buys-barclays-unit-world-largest-money-manager-manages-2-7-trillion-article-1.378654