January 13, 2012
--- BlackRock, Inc. entered into a definitive agreement
to acquire Claymore Canada. ---
Upon
closing, the transaction will augment BlackRock’s roster of investment fund
products and deepen the company’s footprint in Canada.
Based in Toronto, Claymore is an independent Canadian subsidiary of Guggenheim
Funds Services Group, a subsidiary of Guggenheim Partners, LLC.
“This
transaction brings together two innovative investment fund providers and
creates an unparalleled opportunity to serve our Canadian clients,” said Bill
Chinery, head of BlackRock Canada. “Claymore Canada brings a complementary set
of ETFs to the world-class iShares range of products and enhances our ability
to compete against other investment fund providers in Canada.”
Tara Cantore