Houston Business News - Local Houston News | Houston Business Journal: Morgan Stanley to acquire E-Trade in $13B deal
E-Trade Financial Corp. (Nasdaq: ETFC) is set to be acquired by Morgan Stanley (NYSE: MS) in a deal valued at $13 billion.
The all-stock deal will give E-Trade shareholders 1.0432 Morgan Stanley shares for each E-Trade share, or $58.74 based on the c…
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