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Invesco Buys Oppenheimerfunds For $5.7B | Swfi - Sovereign Wealth Fund Institute

by swfinstitute.org posted 11months ago 37 views
Invesco Ltd. signed a deal to acquire OppenheimerFunds, Inc. from Massachusetts Mutual Life Insurance Company (MassMutual). In turn, MassMutual and the OppenheimerFunds employee shareholders will receive a combination of common and preferred equity consideration, and MassMutual will become a significant shareholder in Invesco, with an approximate 15.5% stake. This strategic transaction will bring Invesco’s total […]

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