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Rating:Van Kampen Could Be in Invesco's Hands in Late May Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, February 18, 2010

Van Kampen Could Be in Invesco's Hands in Late May

Reported by InvestmentWires Staff, 

Invesco's acquisition of Morgan Stanley's retail asset management business, including Van Kampen Investments, could close sometime during the "latter half of May," said John Cooper, president and CEO of Invesco Aim Distributors.

Cooper mentioned the timing of the transaction's close during a panel Monday at the NICSA conference in Miami.

Invesco unveiled its $1.5 billion deal with Morgan Stanley in October. When Invesco released its fourth quarter earnings at the start of this month, company executives said in their presentation that the "fund shareholder consent process is on track to maintain closing before second half of 2010." 

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