Man Group spikes on Blackrock talk, AHL -traders

LONDON, Feb 17 (BestGrowthStock) – Shares in Man Group Plc (EMG.L: )
rose 5.1 percent on Wednesday, with traders citing talk of
takeover interest from U.S. fund group BlackRock (BLK.N: ).

BlackRock declined to comment, while Man Group was not
immediately available for comment.

Traders also said positive weekly performance numbers from
flagship fund AHL supported Man Group shares.

Citing rumours in the U.S. markets, the Daily Mail’s market
column said BlackRock was looking for another large deal after
acquiring the funds business of Barclays (BARC.L: ) last year.

The newspaper said the U.S. firm was missing the kind of
hedge fund business that Man — the world’s largest listed hedge
fund firm — could provide.

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(Reporting by Joel Dimmock)

Man Group spikes on Blackrock talk, AHL -traders