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Products January 13, 2012
BlackRock to Acquire Claymore Investments
BlackRock, Inc. entered into a definitive agreement
to acquire Claymore Canada.
Reported by Tara Cantore
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.”
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