Invesco to buy Guggenheim ETF business for $1.2 bln

Invesco Ltd said Sept. 28 that it agreed to buy Guggenheim Investments' exchange-traded funds (ETF) business for $1.2 billion cash. Guggenheim’s ETF business had $36.7 billion of assets as of Aug. 31. The deal includes Guggenheim’s BulletShares ETFs. Citigroup Global Markets provided financial advice to Guggenheim.

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