Blackrock to oversee Bear takeover
BlackRock will manage and liquidate Bear's assets to repay the loans, interest, and management expenses of the company.
The Federal Reserve Bank of New York has hired BlackRock Inc. to oversee and sell $30 billion of The Bear Stearns Cos. Inc’s assets as part of an effort to hasten JPMorgan Chase & Co.'s purchase of the beleaguered financial services company.
BlackRock will be responsible for managing and liq
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