UBS $15bn deal with Blackrock looks absurd « Peter J. Cooper’s Weblog

by arabianmoney | May 21, 2008 at 08:09 pm
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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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