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Blackrock Inc To Buy Credit Suisse Group AG's ETF Business-Reuters

Thursday, 10 Jan 2013 07:34am EST 

Reuters reported that Blackrock Inc is to buy Credit Suisse Group AG's exchange-traded fund (ETF) business. The price tag on the deal announced was not disclosed, but could be between $200 million and $300 million. Credit Suisse and BlackRock said they expected the deal to close by the end of June.