It's official: BlackRock, Inc. today says it has completed its acquisition of the Toronto-based Claymore Investments, Inc. The deal received security holder approval earlier this week. Its terms were not disclosed.
BlackRock entered into a definitive agreement with subsidiaries of Guggenheim Partners, LLC to buy all of Guggenheim’s interest in Claymore in January. Claymore operates 34 ETFs and two closed-end funds, with US$6.9 billion in assets under management as of December 31, across broad asset classes, including core equity, global sectors, fixed income and commodities.