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Invesco Is Looking To Buy OppenheimerFunds In A $5 Billion Deal
FYI: Buy-or-die mentality reigns in asset management, and it looks like Invesco wants to add another piece to its business. Invesco is nearing a deal to buy OppenheimerFunds, a subsidiary of U.S. life insurer Massachusetts Mutual Life Insurance, for about $5 billion, according to people familiar with the talks. A deal could be announced as soon as October, these people said. Regards, Ted https://www.barrons.com/articles/invesco-oppenheimerfunds-acquisition-1537565856?mod=hp_highlight_2
