WASHINGTON (dpa-AFX) - BlackRock (BLK) said it has agreed to acquire the
remaining equity interest in SpiderRock Advisors, a provider of customized
option overlay strategies in the U.S. wealth market. Financial terms were not
disclosed.

The transaction, expected to close in the second quarter 2024, is subject to
customary
closing conditions. The financial impact of the transaction is not material to
BlackRock earnings.

SpiderRock Advisors managed approximately $4.8 billion in client assets as of
February 2024. The firm's SMA strategies are focused on income and risk
management for single
securities as well as diversified portfolios using derivative overlay
strategies, and are accessible through RIAs, family offices, national
broker/dealers and institutional channels.



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