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Morgan Stanley Plans To Sell Its Stake In Invesco

DOW JONES NEWSWIRES Invesco Ltd. (IVZ) said Morgan Stanley (MS) plans to sell its stake in the money manager, a sale Morgan Stanley President and Chief Executive James Gorman said will allow the investment bank "to reallocate capital into the firm's client-driven, flow businesses." Invesco's stock slid 5.1% to $22.01 in after-hours trading. It has about 460 million shares. Gorman said, "Invesco has become one of our key global partners across retail, asset management and institutional securities and we look forward to continuing to work closely together." Invesco completed its acquisition of Morgan Stanley's retail asset-management business earlier this year, a deal that included the Van Kampen fund unit. The deal provided to Morgan Stanley $800 million in cash and 30.9 million shares of Invesco. Last month, Invesco reported that its third-quarter earnings grew 47%, beating analysts' views, as the company's results were aided by the acquisition. Revenue jumped 35%, although operating margin fell. -By John Kell, Dow Jones Newswires; 212-416-2480; john.kell@dowjones.com

Stock News for Invesco Ltd (IVZ)
DateTimeHeadline
08/19/201613:30:00Invesco annonce des distributions en espèces pour les FNB PowerShares...
08/19/201613:30:00Invesco announces cash distributions for Canadian-listed PowerShares...
08/15/201613:37:38Form 13f Holdings Report (13f-hr)
08/10/201609:39:26Current Report Filing (8-k)
08/09/201616:15:00Invesco Ltd. Announces July 31, 2016 Assets Under Management
08/02/201616:42:02Statement of Changes in Beneficial Ownership (4)
08/02/201616:37:03Statement of Changes in Beneficial Ownership (4)
08/02/201616:36:37Statement of Changes in Beneficial Ownership (4)
08/02/201616:30:57Statement of Changes in Beneficial Ownership (4)
08/02/201616:22:05Statement of Changes in Beneficial Ownership (4)
08/02/201616:21:13Statement of Changes in Beneficial Ownership (4)
08/02/201616:19:55Statement of Changes in Beneficial Ownership (4)
08/02/201616:18:39Statement of Changes in Beneficial Ownership (4)
08/01/201614:30:00Invesco Closed-End Funds Declare Dividends
07/29/201614:00:00Invesco Canada abaisse le niveau de risque de quatre fonds
07/29/201614:00:00Invesco Canada lowers risk rating on four funds
07/28/201615:37:08Quarterly Report (10-q)
07/28/201608:26:54Current Report Filing (8-k)
07/28/201606:55:00Invesco Reports Results for the Three Months Ended June 30, 2016
07/19/201613:00:00PowerShares Canada annonce des distributions en espèces pour...

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