E-Trade Financial Corp. (NASDAQ: ETFC) is set to be acquired by Morgan Stanley (NYSE: MS) in a deal worth $13 billion. E-Trade, an online financial services company, holds its deposits in Arlington, Virginia where its CEO, Mike Pizzi, is also based. The all-stock deal will give E-Trade shareholders 1.0432 Morgan Stanley shares for each E-Trade share, or $58.74 based on the closing price of Morgan Stanley common stock Wednesday, according to a press release. The move comes after financial management…
from https://www.bizjournals.com/baltimore/news/2020/02/20/morgan-stanley-to-make-13-billion-acquisition.html?ana=RSS&s=article_search
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