“We are excited to expand the depth and breadth of our investment strategies, which will enable us to offer our clients a truly comprehensive range of investment capabilities through an expanded set of investment vehicles,” said Martin L. Flanagan, Invesco president and CEO.
The deal is expected to close in the middle of next year. Other suitors were said to include Franklin Resources and Federated Investors. Morgan Stanley acquired Van Kampen in 1996 for $1 billion.