Invesco reportedly getting Oppenheimer Funds from MassMutual in $5 billion deal

Invesco reportedly getting Oppenheimer Funds from MassMutual in $5 billion deal

Oppenheimer Funds has been a holding of MassMutual for nearly two decades. The asset manager handled about $250 billion of investments as of the end of last month, according to its website. Invesco is going to buy OppenheimerFunds, a subsidiary of Massachusetts Mutual Life Insurance, in a more than $5 billion deal, according to a report Friday by Financial Times service Ignites. The asset manager has been a holding of MassMutual for nearly two decades,…

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