Invesco Completes Divestiture of Canadian Investment Fund Assets to CI Global Asset Management
IVZ has more than doubled off its 52-week low of $14.15.
Summary
CI Global Asset Management has completed the acquisition of Invesco's Canadian Investment Fund Assets. This definitive corporate action alters Invesco's asset base and geographic focus, representing a strategic adjustment for the global asset manager. While the specific financial terms or size of the divested assets are not disclosed, it indicates a streamlining of operations or reallocation of resources.
At the time of this announcement, IVZ was trading at $28.36 on NYSE in the Finance sector, with a market capitalization of approximately $12.6B. The 52-week trading range was $14.15 to $29.61. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.