BlackRock Completes Secondary Offering of Common Stock, Leads to Barclays Exiting

BlackRock, Inc. (the "Company") (NYSE: BLK) today announced that it has completed the secondary offering of 26,211,335 shares of common stock held by Barclays Bank PLC (“Barclays”) at a price of $160.00 per share. The Company also announced the closing of its repurchase of 6,377,552 shares, directly from Barclays at a price of $156.80 per share. The total transactions, including the full exercise of the underwriters' option to purchase additional shares in the secondary offering, included 35,210,021 shares – resulting in Barclays exiting its entire ownership position in BlackRock.