CIBC to buy wealth management firm from Invesco for $210 mln

Thu Apr 11, 2013 4:19pm EDT
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April 11 (Reuters) - Canadian Imperial Bank of Commerce said it will buy Atlantic Trust Private Wealth Management from money manager Invesco Ltd for $210 million to boost its presence in the United States.

The all-cash deal will be accretive to CIBC's adjusted earnings per share in fiscal 2014, it said.