MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, October 2, 2009 Van Kampen's Most Likely Groom is Still Invesco More than a month after Bloomberg reported that Invesco was the lead bidder for Van Kampen, the Wall Street Journal reaffirmed that same rumor. Aaron Lucchetti reports that Morgan Stanley will probably sell Van Kampen to Invesco in a $1 billion to $2 billion deal, in exchange for a stake in Invesco. Invesco would also pay Morgan Stanley some cash. But the deal has not yet been sealed. The WSJ cites Van Kampen's U.S. value management strength as one of the deal's synergies. Morgan Stanley boasts about $86 billion in Van Kampen funds and about $44 billion in Morgan Stanley funds. Printed from: MFWire.com/story.asp?s=22826 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |