BlackRock (NYSE: BLK) agreed to acquire the remaining equity interest in SpiderRock Advisors, LLC on March 8, 2024. This transaction expands on BlackRock?s minority investment in SRA made in 2021. The transaction, expected to close in Q2 2024, is subject to customary closing conditions. The financial impact of the transaction is not material to BlackRock earnings. Mike Earley and Erin Firman of Jones Day acted as legal counsel for SpiderRock Advisors, LLC. Kramer Levin Naftalis & Frankel LLP acted as legal counsel for BlackRock.

BlackRock (NYSE: BLK) completed the acquisition of the remaining equity interest in SpiderRock Advisors, LLC on May 1, 2024. SpiderRock Advisors will be integrated into BlackRock?s U.S. Wealth Advisory business.