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MS - Value Of Morgan Stanley After E-Trade Acquisition
Morgan Stanley
In the middle of a high volatility investment environment, Morgan Stanley (MS) announced what it named as "The Next Strategic Step in Our Transformation", where it agreed to buy the discount brokerage E-Trade Financial Corp. (ETFC) for $13 Billion. The deal will be executed in an all-stock transaction where each share of E-Trade will be entitled to receive 1.0432 shares of Morgan Stanley.
The combined platforms will have an estimated $3.1 Trillion of client assets, 8.2 Million of retail client accounts and relationships, and 4.6 Million stock plan participants.