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UBS $15bn deal with Blackrock looks absurd « Peter J. Cooper’s Weblog
by arabianmoney | May 22, 2008 at 12:09 am | 166 views | add comment
Hedge fund Blackrock therefore acquires a $15 billion loan portfolio for an equity payment of $3.75 billion. But the risk of this massive leverage is largely borne by the seller UBS through a loan to fund the acquisition.
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May 22, 2008 at 12:09 am by arabianmoney, 166 views, add comment