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Invesco in merger talks with State Street’s asset-management business

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

A deal isn’t imminent, and the discussions might not result in an agreement, the people said. It isn’t clear what the terms of a potential deal would look like, but it would be one of the industry’s biggest in recent memory, given State Street’s asset-management unit manages nearly $4 trillion in assets.

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