Exclusive to WSJ News | Invesco in talks to merge with State Street asset management business

Invesco Ltd. is in talks to merge with State Street Corp.’s asset management business, according to people familiar with the matter.

A deal is not imminent, and the discussions may not lead to an agreement, the people said. It’s not clear what the terms of a potential deal would look like, but it would likely be one of the largest in recent history as the State Street wealth management unit manages nearly $4 trillion in assets.

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