logo
  

Invesco In Talks To Merge With State Street' Asset-management Unit : Report

Invesco Ltd. (IVZ) is in talks to merge with State Street Corp.'s (STT) asset-management business, the Wall Street Journal reported citing people familiar with the matter.

A deal isn't imminent, and the discussions might not result in an agreement, the Journal reported.

According to the Journal, it isn't clear what the terms of a potential deal would look like, but it would likely be one of the industry's biggest in recent memory, given State Street's asset-management unit manages nearly $4 trillion in assets.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Lyons Magnus LLC has expanded its initial recall of nutritional and beverage products to include additional brands and code dates, the U.S. Food and Drug Administration announced. The products were recalled due to the potential for microbial contamination, including from the organisms Cronobacter sakazakii and Clostridium botulinum. Tesla Inc. founder and CEO Elon Musk has sold some of his stake in the luxury electric car maker to avoid an emergency sale of its stock in the event of a forceful Twitter deal. Twitter Inc. and Tesla shares were gaining more than 4 percent in the pre-market activity on the NYSE and Nasdaq, respectively, following the news. Meta Platforms Inc., the parent of Facebook, Instagram, and WhatsApp, has added three more new privacy features to WhatsApp in its bid to enhance control and privacy on the popular messaging app. These features will give the user more control over their messages with added interlocking layers of protection.
Follow RTT