Morgan Stanley Closes $13 Billion E * TRADE Acquisition Deal
“E * TRADE has actually developed a best-in-class, direct-to-consumer digital channel and a strong brand name over the previous 38 years,”James P. Gorman, chairman and CEO at Morgan Stanley, stated.”A Major Brokerage Deal As formerly concurred in between the 2, the$13 billion deals were all made in stocks. Morgan Stanley paid$58.74 a share in stock for E * TRADE, at a premium of 30.7 percent to the last closing rate of E * Trade shares.
