Invesco Ltd. repurchases preferred shares from MassMutual for aggregate cash purchase price

Reuters12-09
Invesco Ltd. repurchases preferred shares from MassMutual for aggregate cash purchase price

Invesco Ltd. has entered into an agreement to repurchase preferred shares from MassMutual. Under the terms of the agreement, MassMutual or its subsidiary will sell, transfer, and deliver the Sale Preferred Shares to Invesco for an aggregate purchase price equal to the number of Sale Preferred Shares multiplied by the per share cash price. The transaction will be settled by wire transfer of immediately available funds. Both parties have also agreed to consider potential additional repurchases of the Preferred Shares in the future. The specific number of shares and the price per share were not disclosed in the document.

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