Invesco acquiring OppenheimerFunds | S&P Global Market Intelligence

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Invesco acquiring OppenheimerFunds

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18 Oct, 2018 | 07:09

Invesco acquiring OppenheimerFunds

Author Joshua Recamara
Theme Banking Insurance

Invesco Ltd. agreed to acquire OppenheimerFunds Inc., an asset management affiliate of Massachusetts Mutual Life Insurance Co.

Upon deal closing, Massachusetts Mutual will own an approximately 15.5% stake in Invesco.

Details to follow.