Invesco Strengthens ETF Position with OppenheimerFunds Acquisition
This article was originally published on ETFTrends.com.
Consolidating its position in the increasingly competitive ETF space, Invesco Ltd. has acquired rival Massachusetts Mutual Life Insurance Co.’s OppenheimerFunds Inc. for $5.7 billion. Invesco has agreed to pay for the acquisitions through 81.9 million common shares and another $4 billion in preferred shares, making MassMutual the largest shareholder once the deal is finalized, reports [...]