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MS Morgan Stanley

94.33
1.68 (1.81%)
04 May 2024 - Closed
Delayed by 15 minutes
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

Morgan Stanley Shares Slip Premarket on $13 Billion E*Trade Deal

20/02/2020 1:13pm

Dow Jones News


Morgan Stanley (NYSE:MS)
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By Colin Kellaher

 

Shares of Morgan Stanley fell nearly 4% in premarket trading Thursday after the investment bank agreed to buy online broker E*Trade Financial Corp. in a $13 billion deal.

The all-stock transaction values E*Trade at $58.74 a share, a roughly 30.7% premium to Wednesday's closing price of $44.93 for the Arlington, Va., company.

Morgan Stanley shares, which closed Wednesday at $56.31, were down 3.8% to $54.15 in premarket trading Thursday, while trading in shares of E*Trade was halted premarket.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

February 20, 2020 07:58 ET (12:58 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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