One year ago
Invesco completed the acquisition of AIM Management Group for $2.2 billion in cash and stock, resulting in a combined operation with $150 billion in assets under management. Company officials insisted the two operations would remain separate, with AIM's mutual funds distributed through third-party brokers and banks, and Invesco's no-load funds sold directly to investors (March 14, 1997).
The acquisition marked the start of Invesco's growth-by-acquisition policy. Just
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