Invesco to buy OppenheimerFunds from MassMutual in $5.7bn deal
Adding $246bn in AUM
Martin Flanagan of Invesco
Invesco will purchase rival US asset manager OppenheimerFunds from MassMutual, adding $246bn in assets to the firm.
Invesco will pay MassMutual $4bn in preferred shares and 81.9 million of common stock, which is valued at around $1.7bn based on Invesco's closing price on Wednesday. The deal will bring Invesco's assets...
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