Morgan Stanley to Sell Its Invesco Stake
by Melly Alazraki on Nov.10, 2010, under Towing
Morgan Stanley said it is divesting its 6.7% stake in investment manager Invesco. The investment bank will sell the 30.9 million shares it received as part of the sale of its Van Kampen mutual fund portfolio to Invesco, a stake worth nearly $717 million at Tuesday’s closing price of $23.20.
Continue reading Morgan Stanley to Sell Its Invesco Stake
Morgan Stanley to Sell Its Invesco Stake originally appeared on DailyFinance on Wed, 10 Nov 2010 08:30:00.
Filed Under: Company News, Investing, Morgan Stanley , Stocks in the News
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