Invesco Gains On Merger Talks With State Street's Management Business

Invesco Ltd. (IVZ) shares are rising on Friday morning on reports of merger talks with State Street's asset management business.

Wall Street Journal said the deal might be one of the biggest in the industry and also cautioned that discussions might not result in an agreement.

Currently, IVZ shares are at $26.01, up 5% from the previous close of $24.89 on a volume of 3,079,643. For the 52-week period, the shares have traded in a range of $9.93-$29.71 on average volume of 3,856,098.

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