Morgan Stanley is selling a 6.7% stake in investment manager Invesco. An affiliate of Morgan Stanley sold the Invesco common stock to Morgan Stanley for $21.48 per share. Morgan Stanley then re-offered the shares to the market at $21.75.

Morgan Stanley may offer the stock from time to time in one or more transactions in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices, it said in a press release. Invesco will not receive any proceeds from the offering.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access