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Four boards become two: Director consolidation in Invesco-OppFunds deal


Half of the independent directors currently sitting on OppenheimerFunds' two boards will join an Invesco board later this year when Invesco's $5.7 billion acquisition of OppenheimerFunds is completed. Invesco will maintain its two existing boards—one that oversees open- and closed-end mutual funds and the other the exchange-traded funds formerly known as ... Log in to view full article.