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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 |
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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