BlackRock is spending $12 billion to buy Global Infrastructure Partners

BlackRock Inc (NYSE: BLK) is in focus this morning after announcing plans of buying Global Infrastructure Partners for about $12 billion.Details of BlackRock – GIP agreementCopy link to sectionThe asset manager expects this cash and stock deal to help expand its footprint in infrastructure that Larry Fink – its chief executive sees as “one of the most exciting long-term investment opportunities”. Blackrock coming together with Global Infrastructure Partners creates a “multi-asset class infrastructure invest ...