May 27, 2009 (FinancialWire) — Invesco Ltd. (NYSE: IVZ) has closed its public offering of 28.6 million common shares plus an additional 4.3 million shares due to the exercise in full by the underwriters of their over-allotment option. The total offering of 32.9 million shares produced gross proceeds of around $460 million.

Merrill Lynch & Co. (NYSE: MER), Citi (NYSE: C) and Morgan Stanley (NYSE: MS) acted as joint book-running managers for the offering.

Invesco plans to use the net proceeds from the offering for general corporate purposes, which may include support for continued growth, new product initiatives and diversification of the company, and repayment of outstanding indebtedness.

Atlanta-based Invesco is an investment management company operating in 20 countries.

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