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IVZ Invesco

628.00
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Invesco LSE:IVZ London Ordinary Share GB0001282697 USD0.10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 628.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

MAN SE Says Invesco Holds Less Than 3% Stake, Not 10.42%

07/10/2009 3:24pm

Dow Jones News


Invesco (LSE:IVZ)
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MAN SE (MAN.XE) said Wednesday that Invesco AIM Management Group Inc. (IVZ) has corrected a statement made last week on the stake it amassed in the German truck maker and engineering group, adding that the U.S. investment firm's stake was actually less than 3% and not 10.4% as announced Sept. 30.

"The voting rights announcements were incorrect and resulted from ... a calculation error (at Invesco)," MAN said in a statement.

A spokesman for MAN said the company isn't responsible for the incorrect statement.

Invesco wasn't immediately available for comment.

The initial announcement suggested that Invesco had become MAN's second-largest shareholder after Volkswagen AG (VOW.XE), which holds a stake of 29.9%. The announcement sparked market speculation that Invesco could help Volkswagen prepare a takeover of MAN.

Company Web site: www.man.eu

-By Christoph Rauwald, Dow Jones Newswires; +49 69 29 725 512; christoph.rauwald@dowjones.com

 
 

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