Summary by Moomoo AI
BlackRock expects to close its acquisition of Global Infrastructure Partners (GIP) on October 1, 2024, subject to regulatory approvals. The transaction involves a merger where BlackRock will become a subsidiary of BlackRock Funding, Inc. (New BlackRock), which will be the new publicly listed entity retaining the "BLK" ticker on NYSE.In connection with the GIP acquisition, BlackRock plans to voluntarily delist its Euro-denominated 1.250% Notes due 2025 from NYSE. The company will file Form 25 around September 23, 2024, with delisting effective 10 days later. The 2025 Notes will remain outstanding and are expected to be admitted to The International Stock Exchange following the GIP transaction closure.BlackRock reserves the right to delay the Form 25 filing if the GIP transaction is delayed or not completed. The company cautions that forward-looking statements are subject to risks and uncertainties, including potential impacts on business relationships and synergies from the acquisitions.
