Back to PNC Financial Services Group
The story of PNC Financial Services Group
American financial services company based in Pittsburgh, Pennsylvania.
PNC Financial Services Group. American financial services company based in Pittsburgh, Pennsylvania.
1995
1995 – 15 May 2020: The PNC Financial Services Group owns a stake in BlackRock. 22.4%, as of 6 May 2020.
Held through PNC Bancorp, Inc., a wholly owned PNC subsidiary. PNC sold the stake in a public offering and a buyback by BlackRock, both completed on 15 May 2020, keeping 500,000 shares to give to the PNC Foundation.
28 Feb 1995: The PNC Financial Services Group acquired BlackRock. $240M.
PNC was then named PNC Bank Corp. It agreed to the purchase on 16 June 1994. The price was $71 million in cash at closing and $169 million in debt payable to the firm’s partners (BlackRock’s 1999 prospectus).
until 15 May 2020
The PNC Financial Services Group owns a stake in BlackRock. 70%, as of 31 Dec 1999.
After the initial public offering of 1 October 1999 (9 million shares at $14 each). PNC’s 2020 exit is already recorded.
3 sourced connections, each with its evidence. Open the explorer to follow any of them further, filter by lens, or move through time.
Drawn from the sourced links on the PNC Financial Services Group. Change a link and this story changes with it.