Invesco to buy Guggenheim Investments' ETF business for $1.2 billion
Invesco Ltd. said late Thursday it has agreed to buy the ETF business of Guggenheim Investments for $1.2 billion in a cash-and-debt deal. The acquisition is expected to close in the second quarter, pending approvals, Invesco said. With the deal, Invesco's ETF assets under management would total more than $196 billion, the company said. Shares of Invesco fell 0.2% in late trading after ending the regular session down 0.4%.
-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com
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