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...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till