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M*: Looking At A Possible Merger Between Invesco And Oppenheimer

TedTed
in The Bullpen
FYI: (This is a follow-up article.)
If Invesco buys OppenheimerFunds, or any other firm, investors can expect some change.

Ignites.com and other news outlets reported Friday that sources say Invesco was finalizing a deal to purchase OppenheimerFunds, which its longtime parent, insurer MassMutual, had been shopping since at least August 2018. The deal would be a big one, combining two of the U.S. mutual fund industry's top 20 firms in terms of assets under management, but it wouldn't be the first time in recent years that two major players joined forces. Faced with outflows from their actively managed funds and fee pressures, for example, Janus and Henderson merged in May 2017, then Standard Life bought Aberdeen in August 2017.
Regards,
Ted
https://www.morningstar.com/articles/883575/looking-at-a-possible-merger-between-invesco-and-o.html
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