NEW YORK & CHICAGO–(BUSINESS WIRE)–BlackRock (NYSE: BLK) has agreed to acquire the remaining equity interest in SpiderRock Advisors (“SRA”), a leading provider of customized option overlay strategies in the U.S. wealth market. This transaction expands on BlackRock’s minority investment in SRA made in 2021 and reinforces BlackRock’s commitment to personalized separately managed accounts (SMAs). “By giving BlackRock more SMA capabilities, this acquisition will enable us to meet growing demand f
Business Wire Merger/Acquisition News
