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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Morgan Stanley | NYSE:MS | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 1.68 | 1.81% | 94.33 | 94.42 | 93.28 | 93.34 | 5,043,460 | 01:00:00 |
From May 2019 to May 2024
By Colin Kellaher
E*Trade Financial Corp. shares rose about 24% in premarket trading Thursday after the online broker agreed to be acquired by investment bank Morgan Stanley in an all-stock deal valued at $13 billion.
Morgan Stanley will issue 1.0432 shares, valued at $58.74 based on Wednesday's closing price, for each E*Trade share. The deal represents a roughly 31% premium to Wednesday's closing price of $44.93 for E*Trade.
Shares of E*Trade were up 24% to $55.79 in premarket trading Thursday, while Morgan Stanley shares slipped 3.3% to $54.43.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 20, 2020 08:27 ET (13:27 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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