Merrill Lynch in Talks on BlackRock Stake

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Shares of BlackRock Inc. shot higher on Monday in thin, pre-market trading amid speculation the money management firm was involved in a deal with Merrill Lynch & Co.


Both The New York Times and The Wall Street Journal, citing people familiar with the discussions, reported in Monday editions that Merrill Lynch would acquire a large stake in BlackRock, known for managing fixed income. The Journal valued the transaction at about $8 billion.


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