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Van Kampen Closed End Funds Announce Morgan Stanley's Expected Sale of Its Retail Asset Management Business to Invesco, Ltd.

Publication: Investment Weekly News
Publication Date: 07-NOV-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
On October 19, 2009, Morgan Stanley & Co. Incorporated ("Morgan Stanley"), the parent company of Van Kampen Investments Inc., announced that it has reached a definitive agreement to sell its retail asset management business to Invesco Ltd. ("Invesco"). The transaction ("Transaction") includes a sale of the part of the asset management business that advises funds, including the Van Kampen family of funds. The Transaction is subject to certain approvals and...

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