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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.

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