MS - Morgan Stanley completed acquisition of E*Trade October 2nd

Morgan Stanley (MS) completed its acquisition of E*Trade (ETFC) on October 2nd.ETFC owners received 1.0432 shares of Morgan Stanley for each share of E*Trade they held.Morgan Stanley's acquisition of E*Trade was announced February 20th. Since the deal was announced, E*Trade has experienced rapid growth in new accounts opened, with 52k new accounts opened in Q1, 363k in Q2, and 356k in Q3, according to E*Trade's most recent 10Q.Morgan Stanley's stock closed at $47.97 the day the deal closed, compared to $53.75 when the deal was announced on February 20th. In comparison, Schwab's stock closed at $48.57 on February 20th, and $37.67 on October 2nd.E*Trade sent the following announcement to its customers: "Dear [customer name], This is a fantastic time to be an E*TRADE customer. As of today, E*TRADE has joined forces with Morgan Stanley—one of the world's most respected wealth management and investment banking firms. First and foremost, there's nothing you need to

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Morgan Stanley completed acquisition of E*Trade October 2nd