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BlackRock to buy eFront for $1.3 bln in cash


Reuters


March 22 (Reuters) - Asset manager BlackRock Inc said on Friday it would buy investment software provider eFront from private equity firm Bridgepoint and eFront's employees for $1.3 billion in cash.

The deal will be funded with a combination of existing corporate liquidity and debt.

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March 22 (Reuters) - Asset manager BlackRock Inc said on Friday it would buy investment software provider eFront from private equity firm Bridgepoint and eFront's employees for $1.3 billion in cash.

The deal will be funded with a combination of existing corporate liquidity and debt.






This article appears in: Stocks , World Markets , Economy
Referenced Symbols: BLK




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